AGNT, Inc 8-K, filed Feb 1, 2024
AGNT, Inc. (AGNT)
About this 8-K
AGNT, Inc filed this 8-K on February 1, 2024.
Items reported
- Item 7.01: Regulation FD disclosure
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SECURITIES AND EXCHANGE COMMISSION
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Item 7.01Regulation FD Disclosure
On January 25, 2024, a putative class action complaint under the caption Nathaniel Whaley et al. v. The National Association of Realtors, et al. (the “Class Action”) was filed in the United States District Court for the District of Nevada, naming as defendants the National Association of Realtors, certain regional Realtor associations, certain regional multiple listing services, certain real estate brokerage owners, and certain real estate brokerages, including “eXp Realty”. The Class Action complaint alleges that defendants conspired to restrain trade by causing certain home sellers to pay buyer broker fees and inflated commissions on the sale of homes all in violation of federal antitrust laws and Nevada unfair trade practices laws. The putative class representative seeks to represent a class of persons who used any of the named defendants to list a home on certain multiple listing services identified in the Class Action complaint and who paid a commission to a buyer’s broker in connection with the sale of the home from January 15, 2020, through the present. Plaintiff, on behalf of himself and the putative class, seeks a permanent injunction enjoining the defendants from engaging in the alleged unlawful acts described in the Class Action complaint. Plaintiff, on behalf of himself and the putative class, also seeks an award of declaratory relief, damages in an amount to be determined at trial, statutory interest and penalties, and attorneys’ fees, expenses and costs of suit. eXp World Holdings, Inc. (the “Company”) believes that additional antitrust litigation may be possible. The Company cannot provide any assurances that results of such litigation will not have a material adverse effect on its business, results of operations or financial condition.
The information in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing by the Company under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing, except as expressly set forth by specific reference in such filing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| eXp World Holdings, Inc. |
| (Registrant) |
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Date: February 1, 2024 | /s/ James Bramble |
| James Bramble |
| Chief Legal Counsel |