While much of the housing industry views Rocket Companies’ proposed acquisition of Redfin as a foregone conclusion at this point, at least one common stock holder is saying not so fast.
On Friday in U.S. District Court in Seattle, plaintiff Jason Morano filed a lawsuit accusing the two companies of breaching their contracts, engaging in fraudulent activities, misrepresenting facts, misappropriating trade secrets and unjust enrichment.
Defendants in the suit include Rocket, Redfin and Redfin CEO Glenn Kelman. Several members of Redfin’s board of directors are details ⇒
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