NEW YORK, Oct. 07, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Opendoor Technologies Inc. (“Opendoor” or the “Company”) (NASDAQ: OPEN) and certain of its officers and directors. The Class Action, filed in the United States District Court for the District of Arizona and Filed at 22-cv-01717, is brought on behalf of a class consisting of all persons and entities, other than the defendants, who purchased or otherwise acquired: (a) Opendoor Securities between December 21, 2020 and September 16, 2022, both dates inclusive (the “Collection Period”); and/or (b) Opendoor Common Stock pursuant to and/or traceable to the Offering Documents (defined below) issued in connection with the business combination between the Company and Opendoor Labs Inc. (“Legacy Opendoor”) that took place on or about the was completed December 18, 2020 (the “Merger”). Plaintiff is pursuing claims against Defendants under the Securities Act of 1933 (the “Securities Act”) and the Securities Exchange Act of 1934 (the “Exchange Act”).

If you are a shareholder who purchased or otherwise acquired Opendoor securities and/or Opendoor common stock pursuant to and/or traceable to the offering materials issued in connection with the business combination between the Company and Opendoor Labs Inc. during the Class Period, you have done by December 6, 2022 to ask the court to appoint you as lead plaintiff for the class. A copy of the complaint is available at www.pomerantzlaw.com. To discuss this promotion, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, ext. 7980. Persons inquiring by email are asked to provide their mailing address, telephone number and the number of shares purchased.

[Click here for information about joining the class action]

Opendoor was formerly known as Social Capital Hedosophia Holdings Corp. II (“SCH”) and was operated as a special purpose acquisition company,…