February 02, 2023
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.
December 21, 2022
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.
November 29, 2022
Digital residential real estate company Opendoor Technologies Inc. is facing shareholder allegations that it overhyped the capabilities of the algorithm underlying its "iBuying" technology, then saw stock prices tumble following revelations that the company was sustaining significant losses on its iBuying business.