San Diego, CA -- (SBWIRE) -- 08/13/2014 -- An investigation on behalf of investors of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) shares over potential securities laws violations by Altisource Portfolio Solutions and certain of its directors and officers in connection certain financial statements was announced .

If you purchased shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS), you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) concerning whether a series of statements by Altisource Portfolio Solutions regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Altisource Portfolio Solutions S.A. reported that its annual Total Revenue rose from $301.38 million in 2010 to $768.36 million in 2013 and that its respective Net Income increased from $49.27 million to $129.97 million. Shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) grew from slightly over $22 per share in early 2010 to as high as $170.19 per share in December 2013. Since then NASDAQ:ASPS shares have lost significant value and declined to as low as $95.36 per share in May 2014.

Then on August 4, 2014, the New York's Department of Financial Services disclosed that it was investigating whether Ocwen Financial Corp entered into improper transactions with affiliated entities. According to the New York's Department of Financial Services, Ocwen Financial Corp entered into an arrangement with Altisource Portfolio Solutions S.A., whose executives have substantial ties to Ocwen Financial Corp, which raises concerns about whether such transactions were priced fairly and conducted at arm's-length.

Shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) declined from over $121 per share in late July 2014 to as low as $83.37 per share on August 8, 2014.

On August 11, 2014, NASDAQ:ASPS shares closed at $86.76 per share.

Those who purchased shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com