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Real Brokerage将支付925万美元的诉讼和解

2024-04-08 22:15

  • The Real Brokerage (NASDAQ:REAXentered into a settlement agreement to resolve the pending class action litigation, Umpa on a nationwide basis.
  • Under the terms of the settlement agreement, Real (REAX) has committed to paying $9.25M into a qualified settlement fund within 30 days following the court’s preliminary approval of the settlement agreement.

  • The company does not foresee the settlement terms having a material impact on its future operations.

  • The settlement agreement awaits preliminary and final court approval.

  • The stock price traded 7% lower on Monday.

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