RADNOR, Pa., Oct. 19, 2022 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is notifying investors that a securities class action lawsuit has been filed against Opendoor Technologies Inc. (“Opendoor”) in the United States District Court for the District of Arizona. OPEN. The lawsuit alleges Opendoor’s violations of federal securities laws, including omissions and fraudulent misrepresentations regarding the company’s business, operations and prospects. Opendoor investors have suffered significant losses as a result of Opendoor’s materially misleading public statements and omissions.
CLICK HERE TO SUBMIT YOUR OPEN DOOR LOSSES. YOU CAN ALSO CLICK OR COPY AND PASTE THE FOLLOWING LINK INTO YOUR BROWSER: https://www.ktmc.com/new-cases/opendoor-technologies-inc?utm_source=PR&utm_medium=link&utm_campaign=open&mktm=r
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LIMIT FOR THE PLAINTIFF: DECEMBER 6, 2022
COURSE PERIOD: DECEMBER 21, 2020 TO SEPTEMBER 16, 2022
CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
Jonathan Naji, Esq. at (484) 270-1453 or email at info@ktmc.com
Kessler Topaz is one of the world’s leading advocates for protecting the public from corporate fraud and other wrongdoing. Our securities fraud litigators are consistently recognized individually as leaders in the field, and our firm is feared and respected by both the defense and the Insurance Board. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.
ALLEGED MISCONDUCT BY OPENDOOR
The class action period begins on December 21, 2020 and coincides with the trading of the Company’s common stock on the NASDAQ shortly after its business combination on December 18, 2020 (the “Merger”). After the merger, Opendoor operated a digital platform for buying and selling residential real estate in the United States. The Company’s platform features a technology called “iBuying,” which is an algorithm-based process (which…
