Prongay & Murray LLP (“GPM”) 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. To obtain information or aid in the
investigation, please visit the RE/MAX investigation page on our website www.glancylaw.com/case/remax-holdings-inc.
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, thereby injuring investors.
Follow us for updates on Twitter: twitter.com/GPM_LLP.
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 Lesley
Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los
Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
email to email@example.com,
or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171110005169/en/