NY comptroller urges eXp shareholders to reject Texas reincorporation
New York State Comptroller Thomas DiNapoli is calling on eXp Realty shareholders to block the company’s plan to move its state of incorporation from Delaware to Texas, arguing that the brokerage should address internal culture issues rather than seek a more favorable home base. The pushback comes after allegations of sexual assault and related shareholder litigation put the cloud-based brokerage under intense scrutiny, according to the New York Times. DiNapoli framed the brokerage’s move as an attempt to sidestep accountability. eXp, one of the largest residential brokerages in the country, has faced three separate lawsuits tied to conference and recruiting-event […]
This article originally appeared on The Real Deal. Click here to read the full story.
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