Followers | 241 |
Posts | 12120 |
Boards Moderated | 3 |
Alias Born | 04/05/2009 |
Monday, January 09, 2023 10:08:46 AM
Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE: AAMC) announced that the arbitrator awarded the Company more than $1.6 million in the arbitration brought against the Company by Indroneel Chatterjee, the Company’s former Chief Executive Officer. Mr. Chatterjee filed the arbitration after the Company terminated him for cause in April 2021.
The arbitrator had previously dismissed all of Mr. Chatterjee’s claims and awarded the Company approximately $600,000 related to the partial return of Mr. Chatterjee’s signing bonus and reimbursement to the Company for all expenses the Company incurred directly and solely as a result of Mr. Chatterjee’s misconduct in the arbitration. The arbitrator’s final award granted an additional award of fees and costs to the Company in the amount of over $1 million.
The Company intends to enforce the judgment against Mr. Chatterjee.
“We are pleased with the arbitrator’s ruling which clearly demonstrates the Company was justified in terminating Mr. Chatterjee,” said Chief Executive Officer, Jason Kopcak. “We are happy to put this matter behind us to allow us to continue building our business.”
About AAMC
AAMC is a private credit provider that originates alternative assets to provide liquidity and capital to under-served markets. We also continue to assess opportunities that could potentially be of long-term benefit to shareholders. Additional information is available at www.altisourceamc.com.
https://www.businesswire.com/news/home/20230109005605/en/
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, Founder and CEO of Harwood International
Recent AAMC News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/21/2024 01:24:08 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 12:20:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/06/2024 08:47:07 PM
- Altisource Asset Management Corporation Reports Receipt of Communications From NYSE American • Business Wire • 06/06/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 08:12:47 PM
- Altisource Asset Management Corporation Letter to Shareholders • Business Wire • 05/17/2024 12:30:00 PM
- Altisource Asset Management Corporation Posts Progress Reports on Project Alpha, Phase II, Through May 2024 • Business Wire • 05/10/2024 09:15:00 PM
- Altisource Asset Management Corporation Posts Progress Reports on Project Alpha, Phase II, Through April 2024 • Business Wire • 05/10/2024 09:00:00 PM
- Altisource Asset Management Corporation Posts Progress Reports on Project Alpha, Phase II, Through March 2024 • Business Wire • 05/06/2024 09:30:00 PM
- Altisource Asset Management Corporation Posts Progress Reports on Project Alpha, Phase II, Through February 2024 • Business Wire • 05/06/2024 09:15:00 PM
- Altisource Asset Management Corporation Posts Progress Reports on Project Alpha, Phase II, Through January 2024 • Business Wire • 05/06/2024 09:00:00 PM
- Altisource Asset Management Corporation Posts Progress Reports on Project Alpha, Phase II, Through March 2024 • Business Wire • 04/29/2024 09:00:00 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 01/16/2024 09:05:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/16/2024 02:42:00 PM
- Altisource Asset Management Corporation Repurchases Preferred Shares in Global Settlement With Luxor Capital • Business Wire • 01/16/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/26/2023 09:01:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/06/2023 09:06:08 PM
- Altisource Asset Management Corporation Reports Key Ruling in Blackrock and PIMCO Litigation • Business Wire • 12/06/2023 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 09:05:43 PM
- Altisource Asset Management Corporation Announces Departure of COO and Interim CEO Danya Sawyer • Business Wire • 12/05/2023 09:05:00 PM
- Altisource Asset Management Corporation Reports Receipt of Communications from NYSE • Business Wire • 12/04/2023 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/04/2023 09:04:59 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 11/24/2023 09:01:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/10/2023 09:22:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/08/2023 09:02:17 PM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM
All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM