LOS ANGELES, Oct. 28, 2022 (GLOBE NEWSWIRE) — The law office of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders in the following public companies. Investors have until the deadlines listed below to file a lead plaintiff filing.

Investors who suffer losses on their investments are advised to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email at [email protected].

Opendoor Technologies Inc. (NASDAQ: OPEN)
Class Period: December 21, 2020 – September 16, 2022
Deadline for lead plaintiff: December 6, 2022

The Complaint filed in this Class Action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects. Specifically, the offering documents and the defendants failed to disclose to investors that: (1) the algorithm the Company uses to bid on homes failed to accurately adjust to changing home prices under various market conditions and economic cycles; (2) as a result, the Company was exposed to an increased risk of incurring significant and repeated losses due to fluctuations in residential real estate prices; (3) accordingly, Defendants overstated the algorithm’s alleged benefits and competitive advantages; and (5) as a result, the defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacking a reasonable basis at all relevant times.

If you are an Open Technologies shareholder who has suffered a loss, click here take part.

Schmitt Industries, Inc. (NASDAQ: SMIT)
Class Period: September 1, 2020 – September 20, 2022
Deadline for lead plaintiff: December 12, 2022

The Complaint filed in this Class Action alleges that throughout the Class Period, the Defendants made materially false and/or…