Altisource Portfolio Solutions S.A. ASPS Securities Lawsuit

Company:	Altisource Portfolio Solutions S.A.
Ticker Symbol:	ASPS
Class Period:	Jul-25-13 to Aug-4-14
Date Filed:	Sep-22-14
Lead Plaintiff Deadline:	Nov-21-14
Court:	Southern District of Florida
Allegations:

Los Angeles, CA: A securities 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") ASPS, common stock between July 25, 2013 and August 4, 2014.

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 acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Altisource Portfolio Solutions S.A. ASPS Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Altisource Portfolio Solutions S.A. securities class action lawsuit. Please click the link below to submit your complaint for a free evaluation.