|Company name||RE/MAX Holdings, Inc.|
NEW YORK, November 6, 2017 – Bragar Eagel & Squire, P.C. is investigating potential claims against RE/MAX Holdings, Inc. (NYSE: RMAX). Our investigation concerns whether RE/MAX has violated the federal securities laws and/or engaged in other unlawful business practices.
On November 2, 2017, RE/MAX announced the Company will delay its third quarter 2017 earnings release and conference call pending further work in connection with an internal investigation.
They further announced that in October 2017, the Board of Directors appointed a special committee of independent directors to investigate allegations concerning actions of certain members of the Company’s senior management including an allegation of a previously undisclosed loan of personal funds from David L. Liniger, the Company’s Co-Chief Executive Officer and Chairman, to Adam M. Contos, the Company’s Co-Chief Executive Officer.
Following this news, shares of RE/MAX fell $14.05, or 21%, to close at $52.65 on November 3, 2017
If you purchased or otherwise acquired shares of RE/MAX and suffered a loss, or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.