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, th.
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