Energy News / Shareholders Foundation, Inc.

NASDAQ:RDFN Shareholder Notice: Investigation over Potential Wrongdoing at Redfin Corporation

Via: ReleaseWire

Updated 11:00 AM CDT, Wed, June 20,2018

An investigation on behalf of investors in Redfin Corporation (NASDAQ: RDFN) shares over potential wrongdoing at Redfin Corporation was announced.

San Diego, CA -- (SBWIRE) -- 06/20/2018 -- An investigation was announced concerning possible breaches of fiduciary duties by certain officers and directors at Redfin.

Investors who purchased shares of Redfin Corporation (NASDAQ: RDFN) 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 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.

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

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqrdfn-shareholder-notice-investigation-over-potential-wrongdoing-at-redfin-corporation-997800.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com