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Redfin Corporation (NASDAQ: RDFN) Investor Investigation Over Potential Wrongdoing Announced

  • Investors who purchased shares of Redfin Corporation (NASDAQ: RDFN) have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Redfin Corporation
Security
NASDAQ: RDFN

Summary

An investigation on behalf of investors in shares of Redfin Corporation (NASDAQ: RDFN) was announced over potential breaches of fiduciary duties by certain officers and directors at Redfin.

The investigation by a law firm concerns whether certain Redfin Corporation directors breached their fiduciary duties and caused damage to the company and its shareholders.

Seattle, WA based Redfin Corporation operates as a real estate brokerage company in the United States. Redfin Corporation went public in July 2017. Redfin Corporation reported that its annual Total Revenue rose from $267.19 million in 2016 to $370.03 million in 2017 and that its Net Loss declined from $22.52 million in 2016 to $15 million in 2017.

Shares of Redfin Corporation (NASDAQ: RDFN) grew to as high as $31.32 per share in December 2017.

On June 19, 2018, NASDAQ: RDFN shares closed at $22.18 per share.

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