NEW YORK, March 31, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Altisource Residential Corporation (NYSE:RESI) between February 7, 2013 and January 23, 2015.
You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the District of the Virgin Islands. If you purchased or otherwise acquired Altisource Residential Corporation ("Altisource") securities between February 7, 2013 and January 23, 2015, your rights may be affected by this action. To get more information click here:
HTTP://ZLK.9NL.COM/ALTISOURCE-RESIDENTIAL-INFOSHEET
On December 22, 2014, Altisource announced that William C. Erbey would step down as Chairman of the Board of Directors; Erbey also stepped down from his post as executive chairman of Ocwen Financial Corporation following an investigation by New York regulatory authorities that alleged conflicts of interest involving financial transactions involving Ocwen and related companies with financial ties to Ocwen, including Altisource, Altisource Portfolio Solutions S.A., and Home Loan Servicing Solutions, Ltd.
If you suffered a loss in Altisource you have until May 26, 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 Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit HTTP://ZLK.9NL.COM/ALTISOURCE-RESIDENTIAL-INFOSHEET.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.