Thieler Law Corp advises investors with losses exceeding $100,000 of the May 26, 2015 lead plaintiff deadline in a class action lawsuit filed against Altisource Residential Corporation (NYSE: RESI) (“Altisource” or “the Company”). The suit is pending in the U.S. District Court of the Virgin Islands and investors, who purchased Altisource securities between February 7, 2013 and January 23, 2015, have until May 26, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Altisource securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com. No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose the full scope of Altisource Residential Corporation’s reliance on Ocwen Financial Corporation, a related party and the risks relating to its relationship with Ocwen, and the full scope of its related party relationship with Altisource Asset Management Corporation. When the true details entered the market, Altisource’s share price declined and investors suffered damages.

On March 19, 2014, a report was published asserting that Altisource Residential Corporation significantly overpays Altisource Asset Management Corp, four to seven times above the market price, to manage Altisource Residential Corporation’s assets and that there is a clear conflict of interest in the asset management agreement since Altisource Asset Management Corp’s management is also serving as senior executives of Altisource Residential Corporation.

Shares of Altisource Residential Corporation (NYSE: RESI) declined from $31.80 per share in March 2014 to $25.16 per share in May 2014.

On June 23, 2015, reports surfaced that stated that Altisource was shut out of a distressed loan auction of 23,000 defaulted single-family loans with $3.9 billion in unpaid principle from the U.S. Department of Housing and Urban Development. Shares of Altisource Residential Corporation (NYSE: RESI) declined from $28.90 per share on June 20, 2014, to as low as $25.49 per share during June 23, 2014.

If you were negatively impacted by your investment in Altisource securities between January 23, 2015, have until May 26, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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