NEW YORK, March 12, 2015 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Northern District of California on behalf of investors who purchased Altisource Asset Management Corporation ("Altisource" or the "Company") (NYSE MKT:AAMC) securities between April 19, 2013 and January 12, 2015. To learn about the case, GO TO:
The complaint alleges that during the class period defendants misrepresented and/or concealed the Company's relationship and conflicted transactions with a group of related companies founded by defendant William C. Erbey. On December 22, 2014, the Company announced that as part of a settlement between Ocwen Financial Corporation and the New York Department of Financial Services, Erbey would step down as Chairman of Altisource's Board and from his positions at each related company. Then on January 13, 2015, the California Department of Business Oversight announced that it was seeking to revoke Ocwen's license to operate in the state.
If you suffered a loss in Altisource you have until March 17, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.425.1140, or visit http://docs.wongesq.com/AAMC-Info-Request-Form-641. There is no cost or obligation to you.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: email@example.com