Court Grants Preliminary Approval of $32 Million Cash Settlement in In re Altisource Portfolio Solutions S.A. Securities Litigation

Saxena White P.A. served as Liaison Counsel in a securities fraud class action asserting violations of the federal securities laws against Altisource Portfolio Solutions S.A. and certain current and former senior executive officers and/or directors of Altisource.

After litigating this case for almost two and a half years, Plaintiffs negotiated a $32 million settlement—an outstanding result for the class. The Court preliminarily approved the settlement on February 10, 2017. A final fairness hearing has been set for May 30, 2017. The deadline for submission of claims is July 11, 2017. Additional information concerning this settlement can be found at http://www.altisourcesecuritieslitigation.com/.