05 03 2016

RESI Shareholders Group criticized Altisource’s shift in strategy

Olshan is representing RESI Shareholders Group


RESI Shareholders Group is a group with aggregate ownership of approximately 3% of the outstanding shares of Altisource Residential Corporation. RESI Shareholders Group, which has nominated three highly-qualified director candidates to the Board, criticized Altisource’s abrupt and ill-considered shift in strategy from being a buyer of distressed mortgage loans to the outright purchase of single-family rental homes, and raised concerns over the inherent conflicts of interests present at Altisource. Steve Wolosky (Picture), Aneliya S. Crawford, Ryan P. Nebel and Bachar Mahmoud represent RESI Shareholders Group in connection with its investment in Altisource. Involved fees earner: Steve Wolosky - Olshan Frome Wolosky LLP; Aneliya Crawford - Olshan Frome Wolosky LLP; Ryan Nebel - Olshan Frome Wolosky LLP; Bachar Mahmoud - Olshan Frome Wolosky LLP;

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