Altisource Residential Corporation (NYSE: RESI)

The firm is investigating potential claims against the board of directors of Altisource Residential Corporation (NYSE: RESI) concerning whether the board has breached its fiduciary duties to shareholders or violated the federal securities laws.

Altisource Residential Corporation (NYSE: RESI), through its wholly-owned subsidiary, Altisource Residential, L.P., focuses on acquiring, owning, and managing single-family rental properties in the United States.

On March 19, 2014, Seeking Alpha published an article by Glaucus Research Group, challenging the fees paid by Altisource to its asset manager, Altisource Asset Management Corporation ("AAMC"). Altisource pays a quarterly "incentive fee" to AAMC for managing its portfolio of non-performing mortgages and foreclosed single-family homes. According to the article, in the fourth quarter of 2013, AAMC received an incentive fee equal to 32% of Altisource’s dividends paid to shareholders. The incentive fee is estimated to be four to seven times greater than compensation received by similar asset managers. In addition, AAMC's management may have conflicts of interest as it serves as the asset manager for Altisource and shares certain executives with Altisource. Both Altisource and AAMC are run by the same Chairman, William C. Erbey.

If you are aware of any facts relating to this investigation, or are a current shareholder since February 20, 2014 and would like to discuss your options of exercising your rights as a shareholder, please contact us.

Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.

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