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SHAREHOLDER ALERT: Investigation on Behalf of Altisource Portfolio Solutions S.A. Investors Announced by Law Offices of Howard G. Smith

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ:ASPS). The investigation concerns possible violations of federal securities laws and focuses on statements issued by the Company concerning Altisource’s business and financial prospects.

Altisource operates as a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries in the United States. The investigation relates to the August 4, 2014, disclosure that New York’s Department of Financial Services (“DFS”) was investigating whether the Company entered into improper transactions with affiliated entities. According to the DFS, it appears that Altisource entered into an arrangement with Ocwen Financial Corp., whose executives have substantial ties to the Company, that will generate significant revenue from Ocwen’s new forced-place arrangement while requiring little work on Altisource’s behalf. Following Altisource this news, shares of Altisource declined more than 13% in intraday trading.

If you purchased shares of Altisource, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.


Law Offices of Howard G. Smith
Howard G. Smith, Esquire