{"id":72700,"date":"2019-11-04T17:00:00","date_gmt":"2019-11-04T21:00:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-levi-korsinsky-llp-announce-a-notice-of-settlement-for-all-persons-and-entities-that-purchased-shares-of-common-stock-of-altisource-residential-corporation-resi\/"},"modified":"2019-11-04T17:00:00","modified_gmt":"2019-11-04T21:00:00","slug":"english-levi-korsinsky-llp-announce-a-notice-of-settlement-for-all-persons-and-entities-that-purchased-shares-of-common-stock-of-altisource-residential-corporation-resi","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/english-levi-korsinsky-llp-announce-a-notice-of-settlement-for-all-persons-and-entities-that-purchased-shares-of-common-stock-of-altisource-residential-corporation-resi\/","title":{"rendered":"LEVI &amp; KORSINSKY, LLP Announce a Notice of Settlement for all persons and entities that purchased shares of common stock of Altisource Residential Corporation (&#8220;RESI&#8221;)"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen4{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prnsbr1{\nBORDER-RIGHT:1pt\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbb1{\nBORDER-BOTTOM:1pt\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnrbrs{\nBORDER-RIGHT:black 1pt solid\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbt1{\nBORDER-TOP:1pt\n}\n.prnsbts{\nBORDER-TOP:black 1pt solid\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prnsbl1{\nBORDER-LEFT:1pt\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">WASHINGTON<\/span>, <span class=\"xn-chron\">Nov. 4, 2019<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;<\/p>\n<p class=\"prntac\"><b>IN THE DISTRICT COURT FOR THE <span class=\"xn-location\">VIRGIN ISLANDS<\/span><br \/>DIVISION OF ST. CROIX<\/b><\/p>\n<div class=\"prntac\">\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td nowrap=\"nowrap\" class=\"prnsbts prnrbrs prnvab prnsbbs prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">ERIC MARTIN, Individually and on<br \/>Behalf of All Others Similarly Situated,<\/span><\/p>\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Plaintiff,<\/span><\/p>\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">v.<\/span><\/p>\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">ALTISOURCE RESIDENTIAL<br \/>CORPORATION, WILLIAM C. ERBEY,<br \/>ASHISH PANDEY, KENNETH D.<br \/>NAJOUR, ROBIN N. LOWE,<br \/>and RACHEL M. RIDLEY, <\/span><\/p>\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Defendants.<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prnsbt1 prnsbr1 prnvab prnsbb1 prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">CIVIL NO. 1:15-CV-00024<\/span><\/p>\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p class=\"prntac\"><b>SUMMARY NOTICE OF PENDENCY OF CLASS ACTION, CERTIFICATION OF SETTLEMENT CLASS, PROPOSED SETTLEMENT, SETTLEMENT HEARING, AND<u> MOTION FOR ATTORNEYS&#8217; FEES AND EXPENSES<\/u><\/b><\/p>\n<div>\n<table id=\"convertedTable48a4\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>To:<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">All persons and entities that purchased shares of common stock of Altisource Residential Corporation (&#8220;RESI&#8221;) between December 24, 2012 and December 22, 2014, inclusive (the &#8220;Class Period&#8221;). <\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of <span class=\"xn-location\">the United States<\/span> District Court for the District of the <span class=\"xn-location\">Virgin Islands<\/span>, that Lead Plaintiff Lei Shi and Plaintiff Ashley Saunders (collectively, &#8220;Plaintiffs&#8221;), on behalf of themselves and the Settlement Class, and Altisource Residential Corporation, <span class=\"xn-person\">William C. Erbey<\/span>, <span class=\"xn-person\">Ashish Pandey<\/span>, <span class=\"xn-person\">Kenneth D. Najour<\/span>, <span class=\"xn-person\">Robin N. Lowe<\/span>, and <span class=\"xn-person\">Rachel M. Ridley<\/span> (collectively, &#8220;Defendants&#8221;), have reached a proposed settlement of the above-captioned action in the amount of <span class=\"xn-money\">$15,500,000<\/span> that, if approved, will resolve the lawsuit in its entirety (the &#8220;Settlement&#8221;).<\/p>\n<p>A hearing will be held before the Honorable Anne E. Thompson of <span class=\"xn-location\">the United States<\/span> District Court for the District of <span class=\"xn-location\">Virgin Islands<\/span>, by designation, at the <b>Clarkson S. Fisher Building &amp; U.S. Courthouse, Courtroom 4W, 408 East State Street, <span class=\"xn-location\">Trenton, NJ<\/span> 08608<\/b>, at <span class=\"xn-chron\">10:00 a.m.<\/span> on <span class=\"xn-chron\">January 30, 2020<\/span> (the &#8220;Settlement Hearing&#8221;) to, among other things, determine whether the Court should: (i) certify the Settlement Class for the purposes of the Settlement only; (ii) approve the proposed Settlement as fair, reasonable, and adequate; (iii) dismiss the Action with prejudice as provided in the Stipulation and Agreement of Settlement, dated <span class=\"xn-chron\">October 7, 2019<\/span> (&#8220;Stipulation&#8221;); (iv) approve the proposed Plan of Allocation for distribution of the Net Settlement Fund; and (v) approve Lead Counsel&#8217;s Fee and Expense Application.\u00a0 The Court may change the date of the Settlement Hearing without providing another notice.\u00a0 You do NOT need to attend the Settlement Hearing to receive a distribution from the Net Settlement Fund.<\/p>\n<p><b>IF YOU ARE A MEMBER OF THE SETTLEMENT CLASS, YOUR RIGHTS WILL BE AFFECTED BY THE PROPOSED SETTLEMENT AND YOU MAY BE ENTITLED TO A MONETARY PAYMENT. <\/b>\u00a0If you have not yet received a Notice and Proof of Claim and Release form (&#8220;Claim Form&#8221;), you may obtain copies of these documents by visiting the website dedicated to the Settlement, <u><a href=\"http:\/\/www.AltisourceResidentialSettlement.com\" rel=\"nofollow\">www.AltisourceResidentialSettlement.com<\/a><\/u>, or by contacting the Claims Administrator at:<\/p>\n<p class=\"prntac\"><i>Altisource Residential Corporation Securities Litigation <\/i><br \/>Claims Administrator <br \/>A.B. Data, Ltd. <br \/>P.O. Box 173012 <br \/><span class=\"xn-location\">Milwaukee, WI<\/span> 53217 <br \/>866-797-0862<\/p>\n<p>Inquiries, other than requests for the Notice, Claim Form, or for information about the status of a claim, may also be made to Lead Counsel:<\/p>\n<p class=\"prntac\"><span class=\"xn-person\">Nicholas I. Porritt<\/span><br \/><b>LEVI &amp; KORSINSKY, LLP <br \/><\/b>1101 30<sup>th<\/sup> St. N.W., Suite 115 <br \/><span class=\"xn-location\">Washington, DC<\/span> 20007 <br \/>(212) 363-7500|<\/p>\n<p>If you are a Settlement Class Member, to be eligible to share in the distribution of the Net Settlement Fund, you must submit a Claim Form <b><i>postmarked or received no later than <span class=\"xn-chron\">February 22, 2020<\/span>.<\/i><\/b>\u00a0 If you are a Settlement Class Member and do not timely submit a valid Claim Form, you will not be eligible to share in the distribution of the Net Settlement Fund, but you will nevertheless be bound by all judgments or orders entered by the Court in the Action, whether favorable or unfavorable.\u00a0 <\/p>\n<p>If you are a Settlement Class Member and wish to exclude yourself from the Settlement Class, you must submit a written request for exclusion in accordance with the instructions set forth in the Notice such that it is <b><i>received no later than <span class=\"xn-chron\">January 9, 2020<\/span>.<\/i><\/b>\u00a0 If you properly exclude yourself from the Settlement Class, you will not be bound by any judgments or orders entered by the Court in the Action, whether favorable or unfavorable, and you will not be eligible to share in the distribution of the Net Settlement Fund.\u00a0 <\/p>\n<p>Any objections to the proposed Settlement, the proposed Plan of Allocation, and\/or Lead Counsel&#8217;s Fee and Expense Application must be filed with the Court and mailed to counsel for the Parties in accordance with the instructions in the Notice, such that they are <b><i>filed and received<\/i><\/b> <b><i>no later than <span class=\"xn-chron\">January 9, 2020<\/span><\/i><\/b>.\u00a0 <\/p>\n<p class=\"prntac\"><b>PLEASE DO NOT CONTACT THE COURT, DEFENDANTS, OR<br \/><\/b><b>DEFENDANTS&#8217; COUNSEL REGARDING THIS NOTICE.<\/b><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">DATED: October 21, 2019<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">BY ORDER OF THE COURT<br \/>UNITED STATES DISTRICT COURT<\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">DISTRICT OF THE VIRGIN ISLANDS<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<p>SOURCE  Levi &amp; Korsinsky, LLP<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">WASHINGTON<\/span>, <span class=\"xn-chron\">Nov. 4, 2019<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;<\/p>\n<p class=\"prntac\"><b>IN THE DISTRICT COURT FOR THE <span class=\"xn-location\">VIRGIN ISLANDS<\/span><br \/>DIVISION OF ST. CROIX<\/b><\/p>\n<div class=\"prntac\">\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td nowrap=\"nowrap\" class=\"prnsbts prnrbrs prnvab prnsbbs prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">ERIC MARTIN, Individually and on<br \/>Behalf of All Others&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-72700","post","type-post","status-publish","format-standard","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/72700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=72700"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/72700\/revisions"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=72700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=72700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=72700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}