The settlement of this federal securities fraud class action lawsuit is on behalf of investors who purchased or otherwise acquired Opendoor Technologies Inc. (“Opendoor”) (NASDAQ: OPEN) common stock (1) pursuant and/or traceable to the registration statement, related prospectus, and proxy statement (collectively, the “Offering Materials”) issued in connection with the de-SPAC merger on or about December 21, 2020 (“December 2020 Merger”) and/or in connection with the secondary public offering (“SPO”) on or about February 4, 2021; and/or (2) between December 21, 2020 and November 3, 2022, inclusive (the “Class Period”).
Opendoor agreed to pay $39,000,000 to resolve this class action lawsuit alleging the company and certain of its officers and/or directors violated federal securities laws by making false or misleading statements.
What’s the status of the Settlement?
On October 21, 2025, the Court granted Preliminary Approval of the Class Action Settlement. There is a Final Settlement Hearing scheduled for January 6, 2026. The settlement website is active and open for claims.
Who can file a claim?
The settlement class includes all persons or entities who:
- Purchased or otherwise acquired Opendoor common stock (1) pursuant and/or traceable to the Offering Materials issued in connection with the December 2020 Merger and/or in connection with the February 2021 SPO; and/or (2) between December 21, 2020 and November 3, 2022, inclusive.
How much is the Settlement Payment?
Pro rata payment: The total settlement fund is $39,000,000. The amount each class member receives will depend on several factors, including:
- The number of valid claims submitted
- The number of shares purchased and sold
- The dates of purchase and sale
- The price paid for the shares and the price received upon sale
How do I file a claim?
The deadline to file a claim is December 27, 2025. To submit a claim and/or to find additional information regarding the terms of the settlement and claim filing process, go to www.OpendoorSecuritiesSettlement.com, or contact the claims administrator, Verita Global, LLC, at 1-888-999-6212.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com.