DEADLINE

Kessler Topaz Meltzer & Check, LLP Reminds Investors of Opendoor Technologies Inc. of Deadline in Securities Fraud Class Action Lawsuit and Encourages Investors with Substantial Losses to Contact the Firm

The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Opendoor Technologies Inc. (“Opendoor”) (NASDAQ: OPEN). The action charges Opendoor with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects. As a result of Opendoor’s materially misleading statements and omissions to the public, Opendoor investors have suffered significant losses.

CLICK HERE TO SUBMIT YOUR OPENDOOR LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/opendoor-technologies-inc?utm_source=PR ...

TO VIEW OUR VIDEO, PLEASE CLICK HERE

LEAD PLAINTIFF DEADLINE: DECEMBER 6, 2022

CLASS PERIOD: DECEMBER 21, 2020 THROUGH SEPTEMBER 16, 2022

CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
Jonathan Naji, Esq. at [phone] or via email at [e-mail]

Kessler Topaz is one of the world’s foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.

OPENDOOR’S ALLEGED MISCONDUCT
The Class Period begins on December, 21, 2020 to coincide with the company’s trading of common stock on the NASDAQ shortly after its business combination on December 18, 2020 (the “Merger”). Following the Merger, Opendoor has operated a digital platform for buying and selling residential real estate in the U.S. The company’s platform features a technology known as “iBuying,” which is an algorithm-based process (the “Algorithm”) that purportedly enables Opendoor to make accurate market-based offers to sellers for their homes, and then flip those homes to buyers for a profit. Throughout the Class Period, Opendoor repeatedly touted the company’s proprietary Algorithm, the data powering the Algorithm, the Algorithm’s purported pricing accuracy, and the Algorithm’s purported real-time reaction to macro- and micro-economic conditions.