Login

r/Real_Estate

▲ 192 r/Real_Estate+105 crossposts

Most people who followed $CYDY remember March 30, 2021. The FDA publicly stated that CytoDyn's claims about leronlimab were "misleading and not supported by the data", no benefit was shown in COVID-19 treatment trials. The stock dropped 25%+ that day.

What happened afterward was a class action lawsuit covering investors who held $CYDY between March 27, 2020 and March 30, 2022.

A $500,000 settlement has been reached and terms are now submitted to the court for approval.

Who qualifies?

Anyone who held $CYDY during the class period and suffered losses from the alleged misrepresentations about leronlimab's effectiveness for HIV and COVID-19.

Can I still apply?

Yes, you can submit your application now and it will be processed once claims filing officially opens after court approval.

If you were damaged by this don't forget to check your eligibility. GL!

u/JuniorCharge4571 — 13 days ago
▲ 77 r/Real_Estate+49 crossposts

Updates for Getting Payment on the Rivian $250 million Settlement

Hey guys, if you missed it, Rivian settled $250 million with investors over claims that it failed to disclose the true cost of producing its vehicles. And, I just found out that they’re accepting claims even though the deadline has passed.

Quick recap: In 2022, Rivian was accused of misleading investors about its vehicle pricing and production costs. In short, the company promoted its R1T pickup and R1S SUV as competitively priced electric vehicles, but investors later alleged that Rivian was losing substantial amounts of money on each vehicle sold and failed to clearly disclose how severe the cost gap was. As supply-chain issues and material costs increased, Rivian announced major price hikes that sparked customer backlash and raised concerns about the company’s financial outlook.

Now, the good news is that the company agreed to settle $250 million with them, and even though the deadline has passed recently, they’re accepting late claims.

So, if you invested in $RIVN when all of this happened, you can still check the details and file your claim here.

Anyway, has anyone here invested in $RIVN at that time? How much were your losses, if so?

u/11thestate — 14 days ago
▲ 4 r/Real_Estate+2 crossposts

best wholesale websites to find details

recently got connected with an investor to find residential properties, but I've been having a hard time finding properties. Can someone point me in a direction that's worked for them?

reddit.com
u/Nervous_Papaya6883 — 11 days ago
▲ 2 r/Real_Estate

Toll Brothers contract in Texas - Need advice

Looking for advice from anyone who has dealt with \*\*Toll Brothers\*\* or a similar new construction contract in Texas.

We signed a contract for a new construction home in the Prosper, Texas area earlier this year and paid a significant amount in earnest money/deposits.

Soon after signing, our financial situation changed. We informed the salesperson and raised concerns about whether we should continue. We were told not to worry, that the house would not be ready until the end of the year, and that we had plenty of time. At the same time, we were told we needed to continue with design appointments and deposits to avoid going into \*\*default\*\*.

There were also financing problems. Toll Brothers Mortgage raised DTI concerns, had issues with the original loan structure, and discussed additional down payment, other financing options, or renting our current home to make the numbers work.

I eventually told the salesperson in writing that I was \*\*not comfortable moving forward or making additional payments until we had clear confirmation that the mortgage would work.\*\*

The salesperson then told me he had spoken with Toll Brothers Mortgage and the loan officer’s manager. A few days later, the loan was structured assuming our current home would be rented, and we received a \*\*conditional approval\*\*.

Construction continued during all of this.

Now Toll has moved the closing much earlier than what we were originally told. The mortgage still depends on our current home becoming a rental, interest rates are much higher, and financially we are no longer comfortable going through with this purchase.

At this point, my main goal is simple: \*\*I want to understand if there is a legitimate way to terminate the contract and recover my earnest money/deposits.\*\*

I have the signed contract and emails documenting the financing concerns, DTI discussions, conditional approval, conversations with the salesperson, and closing timeline.

Has anyone successfully gotten out of a Toll Brothers contract in Texas and recovered their deposit?

Also, can anyone recommend a \*\*good Texas real estate attorney in the DFW area who has experience dealing with Toll Brothers or builder contract disputes?\*\*

I’m planning to speak with an attorney before communicating further with the builder. Just looking for experiences and recommendations from people who have dealt with something similar.

reddit.com
u/PotentialThat8978 — 11 days ago