Denver Employee Retirement Plan (DERP)

DEFENDANT NAME: Altisource Asset Management Corporation
CASE NUMBER: 1:15-cv-00004
COURT: U.S. District Court for the District of the Virgin Islands
PRACTICE AREA: Investor Fraud
STATUS: Active
CLASS PERIOD: Apr. 19, 2013 - Jan. 12, 2015
DATE FILED: 01/16/15

Hagens Berman serves as lead counsel in this institutional investor lawsuit brought on behalf of all persons or entities that purchased Altisouce Asset Management Corporation (AAMC) publicly traded stock between Apr. 19, 2013 through Jan. 12, 2015, representing the Denver Employee Retirement Plan (DERP).

The lawsuit alleges that AAMC and certain of its executive officers and directors fraudulently inflated AAMC's stock price during the class period by disseminating materially false and misleading statements, and failing to disclose material information, concerning the company's relationship with and conflicted transactions with affiliated companies.

AAMC provides asset management and certain corporate governance services to institutional investors. Its primary client is an affiliated company, Altisource Residential Corporation.

Visit Hagens Berman's securities practice page for more about the firm's securities litigation, portfolio monitoring service and cases on behalf of institutional investors.

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05/12/15: Lead Plaintiff, Lead Counsel Approved

Judge George W. Cannon Jr. approved a motion by parties to make Hagens Berman's client lead plaintiff in this case, also approving Hagens Berman's role as lead counsel.

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