eXp World Holdings agrees to pay $34 million to settle nationwide class action lawsuit
On December 9, 2024, eXp World Holdings and its subsidiaries agreed to a settlement resolving a nationwide class action brought by 1925 Hooper LLC and others, in exchange for a $34 million payment into a qualified settlement fund. The company also agreed to changes in certain business practices, and the settlement still needs preliminary and final court approval. The filing says the company expects a $34.0 million pre-tax charge, which will affect its results and cash flows.
Key points
- Settlement Amount of $34 million, with 50% due within 30 business days after preliminary court approval and the remaining 50% due by the one-year anniversary of the initial payment
- Company expects the preliminary court approval to occur in the first or second quarter of 2024, as stated in the filing
- Expected $34.0 million pre-tax charge for the Settlement Amount
- Settlement is subject to preliminary and final court approval and makes no admission of liability
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 08, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.