Altisource Asset Management Corporation Announces Favorable Ruling from New York Appellate Court
The appellate court held that AAMC, "established its entitlement to summary judgment dismissing the complaint. In opposition [Luxor] failed to raise a triable issue of fact, and also failed to establish their entitlement to summary judgment on their own motion."
The court further directed the Clerk to enter judgment dismissing Luxor's complaint.
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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.