A Class Action Lawsuit Was Filed Against Certain Real Estate Entities, Including EXp World, On April 11, 2024, Alleging Antitrust Violations Involving Buyer Broker Fees And Commissions, Seeking Injunctive Relief, Damages, And Attorneys' Fees, With The Company Indicating Potential Material Adverse Effects From Additional Antitrust Litigation
Portfolio Pulse from Benzinga Newsdesk
A class action lawsuit was filed against EXp World and other real estate entities on April 11, 2024, for alleged antitrust violations related to buyer broker fees and commissions. The lawsuit seeks injunctive relief, damages, and attorneys' fees, with EXp World indicating potential material adverse effects from additional antitrust litigation.
April 17, 2024 | 7:54 pm
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EXp World is facing a class action lawsuit for alleged antitrust violations, which could lead to material adverse effects on its business.
The lawsuit directly involves EXp World, alleging antitrust violations that could result in significant financial liabilities and reputational damage. Given the company's acknowledgment of potential material adverse effects from additional antitrust litigation, there is a high likelihood of a negative impact on its stock price in the short term.
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