Shareholder Alert: Grabar Law Office Investigates Potential Claims Against Officers and Directors of Opendoor Technologies Inc. (OPEN)

September 09, 2022 9:47 AM EDT | Source: Grabar Law Office

Philadelphia, Pennsylvania--(Newsfile Corp. - September 9, 2022) - Online real estate firm Opendoor (NASDAQ: OPEN) has agreed to pay $62 million to settle Federal Trade Commission's allegations that the company tricked home sellers into thinking they would make more money selling to Opendoor than they would on the open market.

If you have continuously held Opendoor shares since on or around its IPO of December 21, 2020, or via its predecessor special acquisition company (SPAC) Social Capital Hedosophia Holdings Corp. II (NYSE: IPOB) you can seek corporate reforms, the return of funds back to company coffers, and potentially a court approved incentive award if appropriate.

If you would like to learn more about this matter at no cost to you, visit https://grabarlaw.com/the-latest/opendoor-shareholder-investigation/, contact us at jgrabar@grabarlaw.com, or call 267-507-6085.

Attorney Advertising Disclaimer

These materials have been prepared by the Grabar Law Office for informational purposes only and does not constitute legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Prior results referred to in these materials do not guarantee or suggest a similar result in other matters.

Contact:

Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136513

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