In re Opendoor Technologies Incorporated Securities Litigation

  1. April 02, 2025

    Opendoor To Settle Shareholders' Real Estate Tech Suit

    Investors in real estate firm Opendoor Technologies Inc. said in a court filing Wednesday that they've struck a deal to end a lawsuit accusing the company of overhyping its pricing algorithm software prior to going public in a reverse merger with a special-purpose acquisition company.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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.