RADNOR, Pa., October 29, 2022 /PRNewswire/ — 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”) ((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 TRANSMIT YOUR OPENDOOR 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
TO SEE OUR VIDEO PLEASE CLICK HERE
LIMIT FOR THE PLAINTIFF: DECEMBER 6, 2022
LESSON: DECEMBER 21, 2020 THROUGH 16 SEPTEMBER 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, coinciding with the trading of the Company’s common stock on the NASDAQ shortly after its business combination 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 (the “Algorithm”) that purportedly allows Opendoor to be made exactly market-based…
