eXp World Holdings sued in putative class action over real estate commission practices; director resigns
eXp World Holdings, Inc.
Putative class action filed Dec 8, 2023 in N.D. California (Grace v. NAR et al.) names eXp as defendant alleging antitrust conspiracy to inflate buyer broker commissions.
Plaintiff seeks permanent injunction, trebled damages, restitution; company states it cannot assure no material adverse effect from litigation.
Director Jason Gesing resigns from Board effective no later than Jan 10, 2024; no disagreement; remains Chief Industry Relations Officer.
On December 11, 2023, Jason Gesing, a member of the Board of Directors (the “Board”) of eXp World Holdings, Inc. (the “Company”), a member of the Board’s Sustainability Committee, and the Company’s Chief Industry Relations Officer, notified the Board that he intends to resign as a member of the Board, effective on the earlier of: (i) January 10, 2024, or (ii) such date that the Board appoints a new member to the Board to fill his vacancy.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Jason Gesing resigned as Director at eXp World Holdings, Inc..
Action
resigned
Role
Director
Exact text from the filing
On December 11, 2023, Jason Gesing, a member of the Board of Directors (the “Board”) of eXp World Holdings, Inc. (the “Company”), a member of the Board’s Sustainability Committee, and the Company’s Chief Industry Relations Officer, notified the Board that he intends to resign as a member of the Board, effective on the earlier of: (i) January 10, 2024, or (ii) such date that the Board appoints a new member to the Board to fill his vacancy.
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