Redfin Corporation (Nasdaq - RDFN)

Redfin Corporation (Nasdaq – RDFN)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Redfin Corporation (Nasdaq – RDFN)

BALA CYNWYD – March 12, 2025/Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Redfin Corporation (“Redfin” or the “Company”) (Nasdaq – RDFN) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Rocket Companies (NYSE – RKT). Under the terms of the transaction, each share of Redfin common stock will be exchanged for a fixed ratio of 0.7926 shares of Rocket Companies Class A common stock (a value of approximately $12.50 per share). Upon completion of the transaction, current Rocket Companies shareholders will own approximately 95% of the combined company on a fully diluted basis, while Redfin shareholders will own approximately 5%.

The investigation concerns whether the Redfin Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution to the Company’s shareholders.

If you own shares of Redfin stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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