Altisource Asset Management (AAMC) Announces Settlement of Litigation with Putnam Investments, LLC
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Altisource Asset Management Corporation Announces Settlement of Litigation with Putnam Investments, LLC
February 18, 2021 8:00 AM ESTCHRISTIANSTED, U.S. Virgin Islands, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (AAMC or the Company) (NYSE American: AAMC) is pleased to announce that the Company has settled ongoing litigation with Putnam Investments, LLC and its affiliates (collectively Putnam), one of the plaintiffs in the litigation related to the Companys Series A Convertible Preferred Stock (the Preferred Shares).
Settlement Highlights
The Company will deliver to Putnam 288,283 shares of common stock in exchange for 81,800 Preferred Shares, which were previously issued... More