Redfin agrees to $9.25M settlement in nationwide commission class action lawsuits

Redfin Corp

To settle nationwide class actions Gibson v. NAR and Umpa v. NAR in W.D. Mo., Redfin will pay $9.25M into a qualified settlement fund.
Settlement does not require admission of liability; Redfin does not validate the claims asserted.
Expects a $9.25M pre-tax charge in Q1 2024, excluded from Adjusted EBITDA calculation.
Company does not expect the terms to have a material impact on future operations.

item 2.02 item 7.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Redfin Corp reported financial results for the quarter ended March 31, 2024.

Period: the quarter ended March 31, 2024
Result: reported results

Exact text from the filing

We are furnishing this information under Item 2.02 solely to report the $9.25 million pre-tax charge for the Settlement Amount (as defined below) that we expect to record during the quarter ended March 31, 2024.

View on SEC.gov

710 earnings releases filed in the last 30 days. Browse all earnings releases →

Source: SEC EDGAR

accession 0001382821-24-000055

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.