If you bought Opendoor stock during its de-SPAC merger or in the months that followed, you may be eligible for a payout from a new $39,000,000 securities class action settlement.
This quick guide breaks down what the case is about, who qualifies, how much you might receive, and how to file before the Dec. 27, 2025 deadline.
Why This Lawsuit Exists?
The lawsuit claims Opendoor and certain defendants made false or misleading statements about the company’s AI-powered pricing algorithm and its ability to react to changing housing-market conditions.
According to the complaint, these statements—made in the December 2020 de-SPAC Merger Documents and February 2021 Offering Documents—allegedly caused Opendoor’s stock price to trade at artificially inflated levels, harming investors when corrective information later came out.
Opendoor denies all wrongdoing, but both sides agreed to settle to avoid the risks and cost of continued litigation.
Who Qualifies?
You may be part of the Settlement Class if you meet any of the following:
Purchased or otherwise acquired Opendoor common stock pursuant and/or traceable to the
• de-SPAC Merger Documents (around Dec. 21, 2020)
• February 2021 Offering Documents (around Feb. 4, 2021)Purchased Opendoor common stock on the NASDAQ or any U.S.-based trading platform between
Dec. 21, 2020 – Nov. 3, 2022, and were damaged as a result
Both individuals and entities can file.
How Much Can People Get?
The settlement fund totals $39,000,000. How much each eligible investor receives depends on:
Number of valid claims
Shares purchased or acquired
Timing of buys and sells
Total recognized losses
Estimated averages:
~$0.04 per damaged share before fees
~$0.03 per share after fees (approximate)
Payout notes:
Calculations use a court-approved recognized loss formula.
Section 11 methodologies apply to de-SPAC and Feb. 2021 offering purchases.
Open-market purchases during the class period receive a 90% discount (due to litigation risks).
Payments may be reduced pro rata if total losses exceed the net fund.
Claims under $10 will not be paid.
Your Options
| Option | What It Means | Deadline |
|---|---|---|
| Submit a Claim | Receive a payment if eligible. | Dec. 27, 2025 |
| Request Exclusion | Remove yourself from the settlement; keep the right to sue separately. | Dec. 16, 2025 |
| Object | Tell the Court you disagree with the settlement terms. | Dec. 16, 2025 |
| Do Nothing | You give up your right to payment and to sue separately. | — |
How to File a Claim?
You can submit a claim online or by mailing a completed PDF form.
Deadline: Dec. 27, 2025 (postmarked or submitted online)
Mailing Address:
Opendoor Securities Settlement
c/o Verita Global LLC
P.O. Box 301171
Los Angeles, CA 90030-1171
What You Need
Be prepared to provide:
Last four digits of your SSN or full taxpayer ID
Purchase, acquisition, and sale details, including:
• Trade dates
• Number of shares
• PricesDocumentation (any of the following):
• Broker confirmation slips
• Account statements
• Authorized broker transaction summaries
• Other proof accepted by the claims administrator
Submit your claim before the deadline to see if you’re eligible for compensation.
→ Submit Your Claim Here
