Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Altisource Portfolio Solutions S.A.

Aug 05, 2014, 09:00 ET from Bronstein, Gewirtz & Grossman, LLC

NEW YORK, Aug. 5, 2014 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NasdaqGS: ASPS -News).  Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at or 212-697-6484.

The investigation focuses on whether the Company and certain of its executives violated federal securities laws.

On August 4, 2014, New York Department of Financial Services ("DFS") questioned whether AltiSource entered into improper transactions with affiliated entities.  According to DFS, it appears that Altisource entered into an arrangement with Ocwen Financial Corp., whose executives have substantial ties to the Company.  DFS alleged that Ocwen Financial Corp, a mortgage servicing company, may be funneling as much as $65 million to an affiliated company even though DFS has raised concerns about potential conflicts of interest between such entities.

On this news, shares of EDAP fell $15.18 or 14.62% to close at $88.65 on August 4, 2014.

If you are aware of any facts relating to this investigation, or purchased shares of Altisource Portfolio Solutions S.A., you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Eitan Kimelman 212-697-6484

SOURCE Bronstein, Gewirtz & Grossman, LLC