Levi and Korsinsky Launches Investigation into eXp World Holdings

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Levi and Korsinsky Launches Investigation into eXp World Holdings for Potential Securities Violations

Law firm Levi and Korsinsky has announced the commencement of an investigation into eXp World Holdings, Inc., trading on NASDAQ as EXPI, over potential violations of federal securities laws.

The investigation, led by Levi and Korsinsky, focuses on allegations that eXp and certain directors and officers failed to disclose serious issues to shareholders. These include accusations that top agents, known as “Influencers,” and executives sexually assaulted eXp’s real estate agents at company events. Additionally, Levi and Korsinsky’s inquiry has raised concerns about the company’s lack of a system to detect and report sexual misconduct to the Board of Directors, as well as the Board’s inadequate response to such reports.

Levi and Korsinsky, a trusted name in securities litigation, has built a strong reputation over the past 20 years, recovering hundreds of millions of dollars for shareholders. Levi and Korsinsky is recognized as one of the top securities litigation firms in the U.S., and this new investigation reflects the firm’s commitment to safeguarding shareholder interests.

Levi and Korsinsky encourages any affected shareholders to reach out. For more information on this investigation into eXp World Holdings, Levi and Korsinsky advises interested parties to visit the Levi and Korsinsky website or contact attorney Joseph E. Levi directly via email or phone. Levi and Korsinsky provides detailed case updates and encourages shareholders to stay informed.

Levi and Korsinsky is known for its dedication to holding corporations accountable, and the eXp World Holdings case is no exception. Through their investigation, Levi and Korsinsky will determine whether eXp’s leadership adequately disclosed these issues to shareholders. Levi and Korsinsky continues to monitor eXp’s response and remains committed to ensuring compliance with federal securities laws.

For additional information on this and other ongoing investigations, Levi and Korsinsky invites shareholders and other interested parties to access resources on the Levi and Korsinsky website or contact the firm directly. As always, Levi and Korsinsky remains a staunch advocate for shareholder rights, prioritizing transparency and corporate accountability.

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October Job Gains Drop Sharply to 12,000

U.S. job growth slowed sharply in October, with nonfarm payrolls rising by just 12,000, a significant drop from a revised 223,000 in September. The unemployment rate remains steady at 4.1%, suggesting the labor market is still stable as we approach Tuesday’s elections.

Disruptions from recent hurricanes and strikes among aerospace workers played a major role in this slowdown. Hurricane Helene hit the Southeast in late September, followed by Hurricane Milton in Florida, affecting thousands of jobs. Additionally, over 41,000 workers were on strike, including those at Boeing and Textron.

Despite these challenges, the unemployment rate held steady. Striking workers are counted as employed in the household survey, and those impacted by the storms are classified as “employed, but not at work.”

Looking ahead, many economists expect the Federal Reserve to cut interest rates by 25 basis points next Thursday, responding to these mixed signals, especially after a rise in the unemployment rate earlier this year.

On a brighter note, employers are retaining their workers, which supports wage growth. Average hourly earnings increased by 0.4% in October, with wages up 4% over the past year.

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Gibson Lawsuit Settlements Approved, Brokerages Relieved

Judge Stephen R. Bough has granted final approval to nine settlements in the Gibson lawsuit, much to the relief of some of the nation’s largest brokerage firms. This ruling comes exactly one year after the Sitzer/Burnett verdict, where a Missouri jury found major players, including the National Association of Realtors, liable for colluding to inflate agent commissions.

The settlements total approximately $110.6 million, with about one-third, or $36.8 million, allocated to the plaintiffs’ attorneys. Among the approved settlements are Compass, which will pay $57.5 million; The Real Brokerage at $9.25 million; and Douglas Elliman, which may pay up to an additional $10 million. Other companies involved include Redfin, Engel & Völkers, and Realty ONE Group.

Compass was the first to settle, reaching an agreement back in March, while other firms finalized their deals throughout the spring and summer following the consolidation of the lawsuits.

Brokerages expressed relief over the court’s decision. A Redfin spokesperson stated, “As the only U.S. brokerage that has saved consumers more than $1.6 billion in fees, we’re glad to resolve this case and move forward.”

The final approval hearing for the National Association of Realtors’ settlement is set for November 26.

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