Brief: Redfin On May 3, Entered Into Proposed Settlement To Resolve On Nationwide Basis Pending Class Action Litigation Gibson V. Nar, No. 423-Cv-00788

Redfin

06/05/2024 13:41

May 6 (Reuters) - Redfin Corp  RDFN.O :
    * REDFIN- ON MAY 3, ENTERED INTO PROPOSED SETTLEMENT TO
RESOLVE ON
NATIONWIDE BASIS PENDING CLASS ACTION LITIGATION GIBSON V. NAR,
NO. 4:23-CV-00788
    * REDFIN CORP - AGREED TO PAY $9.25 MILLION INTO QUALIFIED
SETTLEMENT FUND WITHIN 30 DAYS OF COURT'S PRELIMINARY APPROVAL
OF SETTLEMENT AGREEMENT
    * REDFIN CORP - DO NOT EXPECT THE TERMS OF THE PROPOSED
SETTLEMENT
TO HAVE A MATERIAL IMPACT ON FUTURE OPERATIONS
    * REDFIN CORP - PROPOSED SETTLEMENT DOES NOT REQUIRE
ADMISSION OF
LIABILITY, NOR DO WE CONCEDE OR VALIDATE ANY OF CLAIMS ASSERTED
AGAINST US IN LAWSUITS
    * REDFIN CORP - SETTLEMENT AMOUNT IS EXPECTED TO BE EXCLUDED
FROM
OUR CALCULATION OF ADJUSTED EBITDA FOR QUARTER ENDED MARCH 31,
2024

Source text for Eikon:  ID:n0001382821-24-000055 
Further company coverage:  RDFN.O 

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