Altisource Asset Management Corporation Repurchases Preferred Shares in Global Settlement With Luxor Capital

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) announces that it has settled litigation with Luxor Capital Group, LP and related entities (collectively “Luxor”) in respect of the Company’s Series A Convertible Preferred Stock (the “Preferred Shares”), as well as separate litigation with former AAMC director Nathanel Redleaf. Settlement Highlights Luxor surrenders all 144,212 of its Preferred Shares, thereby ...