SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notifies Investors of Class Action Involving Altisource Portfolio Solutions S.A. and a Lead Plaintiff Deadline of November 7, 2014 -- ASPS

NEW YORK, Oct. 29, 2014 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of Florida on behalf of investors who purchased Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (Nasdaq:ASPS) common stock between July 25, 2013 and August 4, 2014.

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The complaint alleges that, among other allegations: (a) Altisource was charging exorbitant fees to Ocwen Financial Corp. to enable defendants to funnel as much as $65 million in questionable fees; (b) despite representations to the contrary, the Company's chairman was personally involved in approving conflicting transactions with Altisource and other related entities which he controlled; (c) the Company failed to comply with applicable laws and regulations, including lending regulations designed to protect homeowners; and (d) the Company lacked adequate internal and financial controls.

If you suffered a loss in Altisource you have until November 7, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email, by telephone at 212.425.1140, or visit

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: vw@wongesq.comSource:The Law Offices of Vincent Wong