RM LAW, P.C. has commenced an investigation into potential securities law violations by certain officers of RE/MAX Holdings, Inc. (“RE/MAX” or the “Company”) (NYSE: RMAX).
If you purchased shares of RE/MAX and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.
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 the Company will 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 shares fell $10.30, or 15.4%, to close at $56.40 on November 3, 2017.