RESI Shareholders Drive Board and Governance Changes at Altisource Residential
Reuters, Seeking Alpha, Street Insider and other media sources have reported on the agreement reached between Olshan clients, Bradley Radoff, Joshua Schechter and Oliver Press Investors, LLC, collectively the RESI Shareholders Group, and Altisource Residential Corporation. Pursuant to the agreement, Altisource has agreed to seek to add two new independent directors before the 2017 annual meeting of shareholders and purchase an additional $65 million of common stock. Steve Wolosky and Ryan Nebel represented the investor group, RESI Shareholders Group, in connection with its investment in Altisource Residential.
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