LOS ANGELES--(BUSINESS WIRE)--Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of investors of Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ:ASPS) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by the Company concerning Altisource’s business and financial prospects.
Please contact Casey Sadler, Esquire, at 888-773-9224 or 310-201-9150, or at firstname.lastname@example.org to discuss this matter. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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 DFC, 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. On 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 Casey Sadler, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by toll-free telephone at 888-773-9224 or by telephone at 310-201-9150, by e-mail to email@example.com, or visit our website at http://www.glancylaw.com. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
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