litigation
confidence high
sentiment negative
materiality 0.70
eXp World Holdings named in three new class actions alleging antitrust conspiracy in real estate commissions
eXp World Holdings, Inc.
- Fierro Action filed Jan 17 in C.D. Cal.: alleges conspiracy to fix buyer broker fees, seeks injunctions and damages.
- Latham Action filed Jan 18 in E.D. Cal.: similar allegations, seeks trebled damages and restitution.
- McFall Action filed Jan 18 in Federal Court of Canada: alleges price-fixing of buyer brokerage services, seeks nationwide class.
- Company believes additional antitrust litigation may follow and acknowledges potential material adverse effect.