Denver Employee Retirement Plan (DERP)

DEFENDANT NAME: Altisource Asset Management Corporation
STOCK SYMBOL: (NYSE: AAMC)
CASE NUMBER: 1:15-cv-00004
CASE NAME:
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
LEAD PLAINTIFF DEADLINE:
DATE FILED: 01/16/15
COURT LOCATION:
RELATED DOCUMENTS:
CONTACT:

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.


Hagens Berman purchases advertisements on search engines, social media sites and other websites. Transmission of the information contained or available through this website is not intended to create, and receipt does not constitute, an attorney-client relationship. If you seek legal advice or representation by Hagens Berman, you must first enter a formal agreement. All information contained in any transmission is confidential and Hagens Berman agrees to protect information against unauthorized use, publication or disclosure. This site is regulated by the Washington Rules of Professional Conduct.

Back to all cases

Case videos

Case Gallery

Case Timeline

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.

Related News