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EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Claims Against Altisource Residential Corporation on Behalf of Shareholders - RESIThe Rosen Law Firm announces that it is investigating potential securities claims against Altisource Residential Corporation (NYSE: RESI) resulting from allegations that RESI may have issued materially misleading business information to the investing public. On December 22, 2014, RESI announced William C. Erbey will step down as Chairman of its Board of Directors effective January 16, 2015, following an investigation by the New York Department of Financial Services (NYDFS). The NYDFS investigation also relates to Erbey's potential conflicts of interests involving Erbey, Ocwen Financial Corporation and Altisource Residential, Altisource Portfolio Solutions S.A. and Home Loan Servicing Solutions, Ltd. (HLSS). On January 23, 2015, BlueMountain Capital Management, LLC announced it delivered a otice of default against HLSS Servicer Advance Receivables Trust on notes issued by the Trust and owned by BlueMountain. In its notice of default, BlueMountain cited to Ocwen's regulatory problems, among other recent actions, which "materially increase the risk of loss on the Notes that are collateralized by receivables affected by Ocwen's standing as a servicer." The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by RESI shareholders as a result of this adverse information. If you purchased RESI stock, please visit the website at http://rosenlegal.com/cases-487.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected]. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome.
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