NEW YORK, May 21, 2015 (GLOBE NEWSWIRE) -- The Rosen Law Firm, a global investor rights law firm, reminds purchasers of Altisource Residential Corporation (NYSE:RESI) securities from February 7, 2013 through January 23, 2015 of the important May 26, 2015 lead plaintiff deadline in the class action filed by the firm. The lawsuit seeks to recover damages for Altisource Residential Corporation investors under the federal securities laws.
To join the Altisource Residential Corporation class action, go to the firm's website at http://www.rosenlegal.com/cases-487.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action. The lawsuit is pending in the U.S. District Court for the District of the Virgin Islands.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The lawsuit alleges that Altisource Residential Corporation made false and/or misleading statements and/or failed to disclose: (1) the full scope of its reliance on Ocwen Financial Corporation, a related party and the risks relating to its relationship with Ocwen; and (2) the full scope of its related party relationship with Altisource Asset Management Corporation. When the true details entered the market, Altisource Residential Corporation's share price declined and investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 26, 2015. If you wish to join the litigation, go to the firm's website at http://www.rosenlegal.com/cases-487.html or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.