BENSALEM, Pa.--(BUSINESS WIRE)--
Law Offices of Howard G. Smith continues its investigation on behalf of RE/MAX Holdings, Inc. (“RE/MAX” or the “Company”) (NYSE: RMAX) investors concerning the Company and its officers’ possible violations of federal securities laws.
On November 2, 2017, RE/MAX disclosed that its board of directors appointed a special committee “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.” Consequently, RE/MAX announced that it would “delay its third quarter 2017 earnings release and conference call pending further work in connection with the internal investigation.”
On this news, RE/MAX’s share price fell $14.05 per share, or 21%, to close at $52.65 per share on November 3, 2017, thereby injuring investors.
If you purchased RE/MAX securities, have information or 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.
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