Press release
Investigation announced for Investors in Anywhere Real Estate Inc. (NYSE: HOUS) shares over potential Wrongdoing
An investigation on behalf of investors in Anywhere Real Estate Inc. (NYSE: HOUS) shares over potential wrongdoing.
Investors who purchased shares of Anywhere Real Estate Inc. (NYSE: HOUS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Anywhere Real Estate Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Madison, NJ based Anywhere Real Estate Inc., through its subsidiaries, provides residential real estate services in the United States and internationally. Anywhere Real Estate Inc. reported that its annual Total Revenue declined from over $7.98 billion in 2021 to over $6.9 billion in 2022, and that its Net Income of $343 million in 2021 turned into a Net Loss of $287 million in 2022.
On October 6, 2023, Anywhere Real Estate Inc. announced a settlement agreement for the Burnett and Moehrl antitrust class action litigation. The proposed settlement, which still requires court approval, would oblige Anywhere to provide monetary relief of $83.5 million, alongside injunctive relief. This settlement amount aligns with the company's financial planning.
Shares of Anywhere Real Estate Inc. (NYSE: HOUS) declined from $8.48 per share on August 03, 2023, to as low as $4.14 per share during October 23, 2023.
Those who purchased shares of Anywhere Real Estate Inc. (NYSE: HOUS) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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