Realogy Holdings Corp

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Case Summary
Company Name: Realogy Holdings Corp
Stock Symbol : NYSE: RLGY
Class Period Start: 02/24/2017
Class Period End: 05/22/2019
Lead Plaintiff motion: 09/09/2019
Date Filed: 07/11/2019
Type of Case: Securities Class Action
Court: U.S. District Court for the District of New Jersey
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the September 9, 2019 lead plaintiff deadline in a class action lawsuit filed against Realogy Holdings Corp (NYSE: RLGY) (“Realogy” or “the Company”). The suit is pending in the U.S. District Court for the District of New Jersey and investors, who purchased Realogy Holdings Corp securities between February 24, 2017 and May 22, 2019, have until September 9, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Realogy Holdings Corp securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Realogy was engaged in anticompetitive behavior by requiring property sellers to pay the commissions of a buyer’s broker at an inflated rate; 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 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 May 22, 2019, according to media outlets, the DOJ has been investigating Realogy for potential anti-competitive practices related to residential real estate brokerage, focusing primarily on broker compensation and listing restrictions.

Following this news, NYSE: RLGY fell $0.71, more than 9%, over two trading sessions to close at $7.13 on May 23, 2019.

If you were negatively impacted by your investment in Realogy Holdings Corp securities between February 24, 2017 and May 22, 2019 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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