SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

September 30, 2014 14:37 ET

UPCOMING DEADLINE: Levi & Korsinsky, LLP Notifies Investors of Class Action Against Altisource Portfolio Solutions S.A. and Its Board of Directors and a Lead Plaintiff Deadline of November 7, 2014 -- ASPS

NEW YORK, NY--(Marketwired - Sep 30, 2014) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of Florida on behalf of investors who purchased Altisource Portfolio Solutions S.A. ("Altisource Portfolio" or the "Company") (NASDAQ: ASPS) common stock between July 25, 2013 and August 4, 2014.

For more information, click here: http://zlk.9nl.com/altisource-portfolio-asps.

The complaint alleges that, among other allegations: (a) Altisource was charging exorbitant fees to Ocwen Financial Corp. to enable defendants to funnel as much as $65 million in questionable fees; (b) despite representations to the contrary, the Company's chairman was personally involved in approving conflicting transactions with Altisource and other related entities which he controlled; (c) the Company failed to comply with applicable laws and regulations, including lending regulations designed to protect homeowners; and (d) the Company lacked adequate internal and financial controls.

If you suffered a loss in Altisource Portfolio you have until November 7, 2014 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-portfolio-asps

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (866) 367-6510
    www.zlk.com