Altisource Residential slammed with two class action lawsuits

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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.

"Of the $10.4 trillion, which companies are servicing the most residential loans. Overnight action coming into yesterday morning saw some light selling, pushing prices down and lifting the 10-yr.

Filing a class action, however, isn’t easy. Supported by industry, Congress has thrown up some pretty big roadblocks. The so-called class action fairness act only seems to be fair to banks and big business. Under the Act, class action cases can only be brought if there is significant "commonality" in the damages suffered by class members.

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2. action resulting in material fines or judgments, or 3) the company is terminated as servicer or as subservicer on a large percentage of loans it services. In the event that Ocwen’s ratings are.

The Ocwen Lawsuit Source page june 11, 2013 If you are looking for class action lawsuits, I suggest that you look them up by your state and then correspond with the point of contact listed.

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A West Palm Beach, Florida, federal judge on Friday threw out two stock-drop suits against mortgage servicer Ocwen Financial Corp., one of which also named Ocwen spin-off Altisource Portfolio.

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Glancy Binkow lawsuit On March 30, 2015, Glancy Binkow & Goldberg LLP announced the filing of a securities class action on the behalf of all investors that bought the securities of Altisource Residential Corporation between Feb. 7, 2013, and Jan. 23, 2015. These dates are inclusive and represent the class period.

Altisource Residential slammed with two class action lawsuits . housingwire.com Investors are gathering to launch two salvos at Altisource Residential in the form of class action lawsuits that allege the beleaguered Ocwen affiliate failed to disclose the kinds of risks and losses it to which it was exposing shareholders.

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The original class action lawsuit was filed in September 2014 by the West. complaints being filed against Altisource by the investors, the two.