NEW YORK, May 15, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Altisource Residential Corporation ("Altisource Residential" or the "Company") (NYSE : RESI ).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose the existence of conflicts of interest involving the Company, its financial transactions with Ocwen, and certain transactions with other related entities.
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 with Ocwen and related companies, including Altisource, Altisource Portfolio Solutions S.A., and Home Loan Servicing Solutions, Ltd.
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If you invested in Altisource Residential stock or options between February 7, 2013 and January 23, 2015 and would like to discuss your legal rights, visit www.faruqilaw.com/RESI. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Altisource Residential's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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