An investor, who purchased shares of Realogy Holdings Corp. (NYSE: RLGY), filed a lawsuit over alleged violations of Federal Securities Laws by Realogy Holdings Corp. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Realogy Holdings Corp. (NYSE: RLGY) have certain options and for certain investors are short and strict deadlines running. Deadline: September 9, 2019. NYSE: RLGY investors should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
Madison, NJ based Realogy Holdings Corp., through its subsidiaries, provides real estate and relocation services. On May 22, 2019, media outlets reported that the U.S. Department of Justice is investigating Realogy Holdings Corp for potential anti-competitive practices related to residential real estate brokerage, focusing primarily on broker compensation and listing restrictions.
The plaintiff claims that between February 24, 2017 and May 22, 2019, the defendants made false and/or misleading statements and/or failed to disclose that Realogy was engaged in anticompetitive behavior by requiring property sellers to pay the commissions of a buyer’s broker at an inflated rate, that Realogy’s anticompetitive actions would prompt the U.S. Department of Justice to open an antitrust investigation into the real estate industry’s practices regarding brokers’ commissions, and that as a result, defendants’ statements about the Realogy’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Those who purchased shares of Realogy Holdings Corp. (NYSE: RLGY) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.