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In re Opendoor Technologies Incorporated Securities Litigation
Case Number:
2:22-cv-01717
Court:
Nature of Suit:
Other Statutes: Securities/Commodities
Multi Party Litigation:
Class Action
Judge:
Firms
- A&O Shearman
- Beyers Farrell
- Clark Hill
- DeConcini McDonald
- Faruqi & Faruqi
- Glancy Prongay
- Keller Rohrback
- Labaton Keller
- Levi & Korsinsky
- Lewis Roca
- O'Melveny & Myers
- Pomerantz LLP
- Rusing Lopez
- Wohl & Fruchter
- Zwillinger Wulkan
Companies
- Academy Securities Inc.
- Barclays PLC
- BTIG LLC
- Citigroup Inc.
- Deutsche Bank AG
- Loop Capital Markets LLC
- Oppenheimer Holdings Inc.
- Siebert Williams Shank & Co. LLC
- TD Securities Inc.
- The Goldman Sachs Group Inc.
- Wedbush Securities Inc.
Sectors & Industries:
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May 15, 2024
Arizona Judge Revives Opendoor Investors' Securities Suit
An Arizona federal judge has revived a consolidated securities class action accusing real estate company Opendoor Technologies Inc. of misleading investors about the benefits of its pricing algorithm software in order to go public in a reverse merger with a special-purpose acquisition company.
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February 29, 2024
Real Estate Tech Co. Opendoor Beats Investor Suit, For Now
Real estate marketplace giant Opendoor Technologies Inc. has beaten, for now, a suit accusing it of misleading investors about its artificial-intelligence-powered algorithm and ability to remain profitable, with an Arizona federal judge ruling that many of the challenged statements in the suit are not actually false or misleading.
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August 31, 2023
Opendoor Shareholders Ask Judge To Nix Dismissal Bid
Investors suing real estate marketplace giant Opendoor alleging it committed securities fraud during public offerings have urged an Arizona federal judge to toss the company's motion to dismiss their lawsuit, saying there are clear examples of false and misleading statements in Opendoor's public offering documents.
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February 02, 2023
Labaton Sucharow To Rep Investors In Opendoor Tech Suit
Labaton Sucharow LLP will represent a proposed class of investors in online real estate company Opendoor Technologies Inc. in a suit alleging the company concealed the shortcomings of its "iBuying" technology, hurting investors after the company disclosed significant losses on its iBuying business.
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December 21, 2022
Pension Funds Seek Lead In Suit Over 'IBuying' Property Tech
Pension funds for Indiana's state workers and Michigan's Oakland County employees urged an Arizona federal court to let them take the reins of a combined stockholder suit against Opendoor over the company's allegedly misleading statements about its "iBuying" algorithms.