AAMC - Altisource Asset awarded over $1.6M in arbitration brought by ex-CEO Chatterjee

• Altisource Asset Management ( NYSE: AAMC ) said Monday it was awarded more than $1.6M in the arbitration brought against it by its former chief executive Indroneel Chatterjee.
• Chatterjee filed the arbitration after Altisource ( AAMC ) terminated his employment for cause in April 2021.
• The arbitrator earlier dismissed Chatterjee's claims and awarded Altisource ( AAMC ) ~$600K related to partial return of his signing bonus and reimbursement to the company for all expenses it incurred as a result of his misconduct in the arbitration.
• The arbitrator's final award granted an additional award of over $1M to Altisource ( AAMC ).
• The company will enforce the judgment against Chatterjee.
• Altisource ( AAMC ) terminated Chatterjee in April 2021 for violating its equal employment opportunity, prevention against harassment, and conduct on the job policies.
• Read why SA author Jeffrey Moore believes Altisource ( AAMC ) is "likely very undervalued" .

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