SAN DIEGO, Oct. 23, 2022 (GLOBE NEWSWIRE) — The law firm of Robbins Geller Rudman & Dowd LLP announces that buyers or acquirers of Opendoor Technologies Inc. OPEN OPENW))) securities between December 21, 2020 and September 16, 2022, both dates inclusive (the “Collection Period”) and/or common shares pursuant to and/or traceable to the offering documents related to the business combination between Opendoor and Opendoor Labs Inc. (“Legacy Opendoor”), which closed on or about December 18, 2020 (the “Merger”), has until December 6, 2022 to petition to be named Lead Plaintiff in the Open door class action. Titled Alich v Opendoor Technologies Inc.No. 22-cv-01717 (D. Ariz.), the Open door Class action lawsuit charges Opendoor and some of its top officers and directors with violations of the Securities Exchange Act of 1934.
If you have suffered significant losses and are the main plaintiff in the Open door Class action, please provide your information here:
https://www.rgrdlaw.com/cases-opendoor-technologies-inc-class-action-lawsuit-open-openw.html
You can also contact a lawyer JC Sanchez of Robbins Geller by phone at 800/449-4900 or email jsanchez@rgrdlaw.com.
CASE CLAIMS: Opendoor was formerly known as Social Capital Hedosophia Holdings Corp. II (“SCH”) and was operated as a special purpose vehicle (“SPAC”), also known as a blank check company. On September 15, 2020, Opendoor, then operating as SCH, and Legacy Opendoor, a private company operating as a digital residential real estate platform, announced that they had entered into a definitive merger agreement, which gave Legacy Opendoor an enterprise value of 4 .8 billion dollars. After the merger, Opendoor operated a digital platform for buying and selling residential real estate in the United States.
That Open door The class action alleges that the Offering Documents and the Defendants made and/or failed to disclose false and/or misleading information…
