Virgin Islands Supreme Court Reverses Dismissal of BlackRock, Inc. on Personal Jurisdiction Grounds

Christiansted, Virgin Islands May 21, 2026 --(PR.com)-- Altisource Asset Management Corporation (“AAMC” or the “Company”) reports a key development in its litigation against BlackRock and PIMCO pending in the Superior Court of the U.S. Virgin Islands, Division of St. Croix, Case No. SX-2018-CV-146.

On December 18, 2025, the Supreme Court of the U.S. Virgin Islands issued an opinion in Erbey Holding Corp. v. BlackRock Financial Management, Inc., S. Ct. Civ. No. 2024-0003. The Supreme Court reversed the portion of the Superior Court’s December 4, 2023 opinion and order that had dismissed plaintiffs’ claims against BlackRock, Inc. for lack of personal jurisdiction.

In its opinion, the Supreme Court concluded that the Superior Court had correctly determined that certain BlackRock affiliates consented to personal jurisdiction in the Virgin Islands, but erred by not imputing that consent to BlackRock, Inc. The Supreme Court therefore reversed the dismissal of BlackRock, Inc. on personal jurisdiction grounds. The PIMCO defendants’ petition challenging jurisdiction was denied as moot.

Claims for Damages under CICO and Business Torts

The case involves ...