litigation
confidence high
sentiment negative
materiality 0.70
eXp World Holdings named as defendant in amended class action antitrust lawsuit over buyer-broker commissions
eXp World Holdings, Inc.
- On Dec 6, 2023, amended class action complaint added eXp World Holdings as defendant in antitrust lawsuit over buyer-broker commissions.
- Lawsuit alleges violation of federal and Georgia antitrust laws, seeking injunction, damages, restitution, and attorneys' fees.
- Plaintiffs assert joint and several liability; company cannot assure no material adverse effect on operations or financials.
- Company believes additional antitrust litigation may be possible.