Altisource asset management corporation announces favorable ruling from new york appellate court

Christiansted, u.s. virgin islands--(business wire)--altisource asset management corporation (nyse: aamc) announced today that the supreme court of the state of new york, appellate division, first judicial department issued a ruling in favor of the company that it did not breach any contractual obligation to redeem preferred shares held by luxor capital group. the appellate court held that aamc, "established its entitlement to summary judgment dismissing the complaint. in opposition [luxor] fai.
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