Opendoor and $OPEN Investors Finalise $39M Settlement Agreement — Here’s How to Get Your Share

Court: D. Arizona

Case: 2:22-cv-01717

The settlement agreement between Opendoor and OPEN investors has been finalised and is now up for final court approval.

What is this settlement?

In 2020, Opendoor promoted its iBuying platform as a tech-driven solution for home sales. However, by 2022, it was revealed that much of its pricing process was manual and that the company struggled to maintain profit margins during a market downturn. As a result, OPEN dropped nearly 90%.

Following this, Opendoor was sued by shareholders and has agreed to settle by paying $39 million to investors.

What can you do to recover your losses now?

While the details are still being finalised, you can already submit your claim and be notified of any further updates.

More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed.