Altisource Asset Management Says The Parties Agree To Dismissals Of Their Litigation With Prejudice And Exchange Mutual Releases Of All Claims With No Admission By Any Party Of Liability, Violation Of Law Or Wrongdoing

Benzinga · Jan 17 00:57

As a result of the settlement, which has the effect of increasing the Company's Stockholders' Equity to an amount exceeding $6,000,000, the New York Stock Exchange informed the Company that its November 30, 2023 notice of intent to delist the Company's common stock would be rescinded.

"We are pleased to announce AAMC's global resolution of these matters relating to Luxor," said William Erbey, Chairman and CEO of AAMC. "This represents a positive start to 2024 as we continue to focus and work hard on initiatives to enhance shareholder value going forward."

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Altisource Asset Management Says The Parties Agree To Dismissals Of Their Litigation With Prejudice And Exchange Mutual Releases Of All Claims With No Admission By Any Party Of Liability, Violation Of Law Or Wrongdoing

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