{"id":701527,"date":"2022-10-27T05:49:13","date_gmt":"2022-10-27T09:49:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/open-lawsuit-alert-levi-korsinsky-notifies-opendoor-technologies-incorporated-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/"},"modified":"2022-10-27T05:49:13","modified_gmt":"2022-10-27T09:49:13","slug":"open-lawsuit-alert-levi-korsinsky-notifies-opendoor-technologies-incorporated-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/open-lawsuit-alert-levi-korsinsky-notifies-opendoor-technologies-incorporated-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/","title":{"rendered":"OPEN LAWSUIT ALERT: Levi & Korsinsky Notifies Opendoor Technologies Incorporated Investors of a Class Action Lawsuit and Upcoming Deadline"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n NEW YORK<\/span>
\n <\/span>, Oct. 27, 2022<\/span><\/span> \/PRNewswire\/ — Levi & Korsinsky, LLP notifies investors in Opendoor Technologies Incorporated<\/b> (“Opendoor” or the “Company”) (NASDAQ: OPEN) of a class action securities lawsuit.<\/p>\n

\n

\n
\n \"Levi
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n CLASS DEFINITION: <\/b>The lawsuit seeks to recover losses on behalf of Opendoor investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of a class consisting of all persons and entities other than defendants that purchased or otherwise acquired: (a) Opendoor securities between December 21, 2020<\/span> and September 16, 2022<\/span>, both dates inclusive and\/or (b) Opendoor common stock pursuant and\/or traceable to documents issued in connection with the business combination between the Company and Opendoor Labs Inc. completed on or about December 18, 2020<\/span>. Follow the link below to get more information and be contacted by a member of our team:<\/p>\n

\n https:\/\/www.zlk.com\/pslra-1\/opendoor-technologies-loss-submission-form?prid=33045&wire=4<\/a>\n <\/p>\n

\n OPEN<\/b>\u00a0investors may also contact Joseph E. Levi, Esq.<\/span> via email at\u00a0jlevi@levikorsinsky.com\u00a0or<\/a> by telephone at (212) 363-7500.<\/p>\n

\n CASE DETAILS: <\/b>The filed complaint alleges that defendants made false statements and\/or concealed that: (i) the algorithm used by the Company to make offers for homes could not accurately adjust to changing house prices across different market conditions and economic cycles; (ii) as a result, the Company was at an increased risk of sustaining significant and repeated losses due to residential real estate pricing fluctuations; (iii) accordingly, defendants overstated the purported benefits and competitive advantages of the algorithm; (iv) as a result, documents issued in connection with the merger between the Company and Opendoor Labs Inc. and defendants’ public statements throughout the class period were materially false and\/or misleading and failed to state information required to be stated therein.<\/p>\n

\n WHAT’S NEXT? <\/b>If you suffered a loss in Opendoor during the relevant time frame, you have until December 6, 2022<\/span><\/b>\u00a0to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.<\/p>\n

\n NO COST TO YOU: <\/b>If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.<\/b><\/p>\n

\n WHY LEVI & KORSINSKY: <\/b>Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States<\/span>.<\/p>\n

\n CONTACT:<\/b>
\n
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.<\/span>
Ed Korsinsky, Esq.<\/span>
55 Broadway, 10th Floor
New York, NY<\/span> 10006
jlevi@levikorsinsky.com<\/a>
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com<\/a><\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/open-lawsuit-alert-levi–korsinsky-notifies-opendoor-technologies-incorporated-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301660956.html<\/a><\/p>\n

SOURCE Levi & Korsinsky, LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK , Oct. 27, 2022 \/PRNewswire\/ — Levi & Korsinsky, LLP notifies investors in Opendoor Technologies Incorporated (“Opendoor” or the “Company”) (NASDAQ: OPEN) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Opendoor investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of a class consisting of all persons and entities other than defendants that purchased or otherwise acquired: (a) Opendoor securities between December 21, 2020 and September 16, 2022, both dates inclusive and\/or (b) Opendoor common stock pursuant and\/or traceable to documents issued in connection with the business combination between the Company and Opendoor Labs Inc. completed on or about December 18, 2020. … <\/p>\n

Continue reading “OPEN LAWSUIT ALERT: Levi & Korsinsky Notifies Opendoor Technologies Incorporated Investors of a Class Action Lawsuit and Upcoming Deadline”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-701527","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOPEN LAWSUIT ALERT: Levi & Korsinsky Notifies Opendoor Technologies Incorporated Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/open-lawsuit-alert-levi-korsinsky-notifies-opendoor-technologies-incorporated-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OPEN LAWSUIT ALERT: Levi & Korsinsky Notifies Opendoor Technologies Incorporated Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK , Oct. 27, 2022 \/PRNewswire\/ — Levi & Korsinsky, LLP notifies investors in Opendoor Technologies Incorporated (“Opendoor” or the “Company”) (NASDAQ: OPEN) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Opendoor investors who were adversely affected by alleged securities fraud. 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