Realogy Holdings Corp
Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of shareholders of Realogy Holdings Corp. (“Realogy” or the “Company”) (NYSE: RLGY) between February 24, 2017 and May 22, 2019, inclusive.
If you purchased Realogy securities, and/or would like to discuss your legal rights and options, please click “Join Class Action” above.
New York, New York—Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of shareholders of Realogy Holdings Corp. (“Realogy” or the “Company”) (NYSE: RLGY) between February 24, 2017 and May 22, 2019, inclusive (the “Class Period”), resulting from allegations that Realogy and/or its executives may have issued materially misleading business information to the investing public.
According to the lawsuit, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that (1) Realogy was engaged in anticompetitive behavior by requiring property sellers to pay the commissions of a buyer’s broker at an inflated rate; (2) Realogy’s anticompetitive actions would prompt the U.S. Department of Justice to open an antitrust investigation into the real estate industry’s practices regarding brokers’ commissions; and (3) as a result, defendants’ statements about the Realogy’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On this news, shares of Realogy fell by 9% or $0.71 to close at $7.13 on May 23, 2019.
If you wish to serve as lead plaintiff in the class action, you must move the court no later than September 9, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you take no action, you may remain an absent class member.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.
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Matthew E. Guarnero
Bernstein Liebhard LLP