NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP (“KM”) announces an investigation on behalf of RE/MAX Holdings, Inc. (“RE/MAX” or the “Company”) (NYSE:RMAX) investors concerning possible violations of federal securities laws by the Company and its officers. To obtain information or aid in the investigation, please visit our website at www.kmllp.com.
On November 2, 2017, RE/MAX revealed that a special committee had been appointed by its board of 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, and allegations of wrongdoing in employment practices and conduct.” On November 9, 2017, RE/MAX confirmed that, due to the internal investigation, the Company’s third quarter 2017 earnings release and conference call would be delayed.
On this news, RE/MAX’s shares fell from $66.70 to $52.65, a decline of $14.05 per share on November 3, 2017.
If you purchased or otherwise acquired shares of RE/MAX and would like more information pertaining to the investigation, you may contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, or by email at firstname.lastname@example.org, to discuss your rights without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars, and the firm’s achievements and quality of service have been chronicled in numerous published decisions. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.
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