NEW YORK, November 28, 2022 /PRNewswire/ — The Gross Law Firm issues the following notice to shareholders of Opendoor Technologies Incorporated.
Shareholders who purchased shares of OPEN during the stated class period are encouraged to contact the company regarding the possible appointment of a lead plaintiff. Appointment as lead plaintiff is not required to participate in any recovery.
CONTACT US HERE:
COURSE PERIOD: This lawsuit is on behalf of a class consisting of all persons and entities other than defendants who have purchased or otherwise acquired: (a) Opendoor securities between December 21, 2020 and September 16, 2022both dates inclusive and/or (b) Opendoor common stock pursuant to and/or traceable to documents issued in connection with the business combination between the Company and Opendoor Labs Inc. effected on or about December 18, 2020.
ALLEGATIONS: The Complaint alleges that during the Class Period, the Defendants made materially false and/or misleading statements and/or failed to disclose that: (i) the algorithm used by the Company to make housing offers could not not adapt accurately to changes in housing prices under different market conditions and economic cycles; (ii) as a result, the Company was exposed to an increased risk of sustaining significant and repeated losses due to fluctuations in residential property prices; (iii) as a result, Defendants exaggerated the Algorithm’s purported advantages and competitive advantages; (iv) as a result, the documents published in connection with the merger between the Company and Opendoor Labs Inc. and the public statements of the defendants throughout the Class Period were materially false and/or misleading and did not state the information that should be included.
DEADLINE: December 6, 2022 Shareholders should not delay in registering for this class action. Submit your information here: https://securitiesclasslaw.com/securities/opendoor-technologies-class-action-submission-form/?id=33944&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you have registered as a shareholder who has purchased shares of OPEN during the period stated above, you will be enrolled in portfolio tracking software to provide you with status updates throughout the business life cycle. The deadline to apply to be a principal applicant is December 6, 2022. There is no cost or obligation for you to participate in this deal.
WHY BRUT CABINET D’AVOCATS? Gross Law Firm is a nationally recognized law firm, and our mission is to protect the rights of all investors who have suffered as a result of deception, fraud, and illegal business practices. Gross Law Firm is committed to ensuring that businesses adhere to responsible business practices and engage in good corporate citizenship. The Company seeks redress on behalf of investors who have suffered losses when false and/or misleading statements or omission of material information by a company have caused artificial inflation of the company’s stock. Lawyer advertisement. Prior results do not guarantee similar results.
CONTACT:
The Raw Law Firm
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New York, NY10018
E-mail: [email protected]
Telephone: (646) 453-8903
SOURCE The Raw Law Firm
