A lawsuit was filed on behalf of investors in Altisource Asset Management Corp (NYSEMKT:AAMC) shares over alleged securities laws violations. Deadline: March 17, 2015. NYSEMKT:AAMC investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 01/21/2015 --An investor, who purchased shares of Altisource Asset Management Corp (NYSEMKT:AAMC), filed a lawsuit in the U.S. District Court of the Virgin Islands over alleged violations of Federal Securities Laws by Altisource Asset Management Corporation (NYSE:AAMC) and certain of the executive officers and directors of the Company in connection with certain allegedly false and misleading statements made between April 19, 2013 and January 12, 2015.

Investors who purchased shares of Altisource Asset Management Corp (NYSEMKT:AAMC) have certain options and for certain investors are short and strict deadlines running. Deadline: March 17, 2015. NYSEMKT:AAMC investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Altisource Asset Management Corp (NYSEMKT:AAMC) common shares between April 19, 2013 and January 12, 2015, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between April 19, 2013 and January 12, 2015 dfendants misrepresented and/or concealed the Company's relationship with, and conflicted transactions with, a group of related companies, including Ocwen Financial Corporation, all of which were founded by Defendant William Erbey.

Altisource Asset Management Corp reported that annual Total Revenue of $71.61 million in 2013 with a Net loss of $5.29 million . Altisource Asset Management Corp is the asset manager for Altisource Residential Corporation (NYSE:RESI), which acquires loan portfolios from Ocwen Financial Corporation (NYSE:OCN).

On December 22, 2014, New York State Department of Financial Services announced a settlement with Ocwen Financial Corporation (NYSE:OCN). As part of the settlement, Ocwen Financial Corporation (NYSE:OCN) acknowledged that it didn't properly deal with distressed homeowners, may have saddled them with excessive charges, and failed to maintain adequate systems for servicing its mortgages. Furthermore, William C. Erbey agreed to step down from his position as Executive Chairman of Ocwen Financial Corporation (NYSE:OCN) and as Chairman of the Board of Directors of Altisource Asset Management Corp and RESI.

On January 13, 2015, it was revealed that California regulators are seeking to suspend the mortgage license of Ocwen Financial Corporation (NYSE:OCN).

Shares of Altisource Asset Management Corp (NYSEMKT:AAMC) grew from under $120 in early 2013 to as high as $1179.78 per share in early 2014. Since then NYSEMKT: AAMC shares lost significant value and declined to as low as $148.00 per share on January 14, 2015.

On January 16, 2015, NYSEMKT:AAMC shares closed at $300.01 per share.

Those who purchased shares of Altisource Asset Management Corp (NYSEMKT:AAMC) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com