Altisource asset management corporation terminates chief executive officer

Christiansted, u.s. virgin islands, april 19, 2021 (globe newswire) -- on april 16, 2021, the board of directors (the “board”) of altisource asset management corporation (the “company”) terminated the company's chief executive officer, indroneel chatterjee, for cause, effective immediately, for violations of the company's equal employment opportunity, prevention against harassment, and conduct on the job policies. this action reflects the results of an independent inquiry by counsel to the board into mr. chatterjee's conduct. under mr. chatterjee's employment agreement with the company, he was also deemed to have simultaneously resigned from his positions as chairman of the board and a director of the company, and the board accepted his resignations.
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