RESI Shareholders Group Makes Headlines following Letter to Altisource Board

Bloomberg, The Deal (subscription required) and other media sources reported on the public letter delivered by RESI Shareholders Group, a group led by Olshan clients Bradley Radoff, Oliver Press Partners and Joshua Schechter, to the Board of Altisource Residential Corporation. RESI Shareholders Group, which has nominated three highly-qualified director candidates to the Board, criticized Altisource’s abrupt and ill-considered shift in strategy from being a buyer of distressed mortgage loans to the outright purchase of single-family rental homes, and raised concerns over the inherent conflicts of interests present at Altisource. Steve Wolosky and Ryan P. Nebel represent RESI Shareholders Group in connection with its investment in Altisource.