[8-K] eXp World Holdings, Inc. Reports Material Event
Rhea-AI Filing Summary
eXp World Holdings, Inc. reports that the U.S. District Court for the Northern District of Illinois has granted preliminary approval of the Tuccori buy-side class action settlement structure, which includes the company’s participation under an Opt-In Settlement Agreement signed on April 14, 2026.
The Tuccori Settlement remains subject to final court approval and will only become effective after completion of any appeals process. The company expects that this settlement will cover claims based on the same factual predicates as those asserted in the related nationwide home-buyer class action known as the Batton Action.
Positive
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Negative
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Insights
Preliminary settlement approval narrows litigation uncertainty but outcome remains pending.
eXp World Holdings is a defendant in the Batton nationwide home-buyer class action and has opted into the related Tuccori buy-side class settlement structure. On May 26, 2026, the court granted preliminary approval of the Tuccori Settlement including the company’s participation.
Preliminary approval indicates the court sees the proposed structure as sufficiently fair to notify class members, but it is not a final ruling. The settlement will only be effective after final court approval and completion of any appeals process, so ultimate financial and operational impact is not yet defined.
The company anticipates that the Tuccori Settlement will apply to claims sharing the same factual predicates as in the Batton Action, which could consolidate related exposure once final approval is obtained. Investors may look to future court orders and company disclosures for details on final terms and any quantified settlement obligations.
8-K Event Classification
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 | Other Events. |
As previously disclosed, eXp World Holdings, Inc. (the “Company”) is named as a defendant in a putative nationwide class action on behalf of home buyers captioned Batton et al. v. Compass, Inc., et al. (U.S. District Court for the Northern District of Illinois) (the “Batton Action”). In connection with a related buy-side class action, Tuccori v. At World Properties, et al. (U.S. District Court for the Northern District of Illinois) (the “Tuccori Action”), the Company entered into an Opt-In Settlement Agreement on April 14, 2026 (the “Opt-In Settlement Agreement”) to participate in the settlement structure established in the Tuccori Action (the “Tuccori Settlement”).
On May 26, 2026, the U.S. District Court for the Northern District of Illinois granted preliminary approval of the Tuccori Settlement, including the Company’s participation pursuant to the Opt-In Settlement Agreement.
The Tuccori Settlement remains subject to final court approval and will be effective following any appeals process, if any. The Company anticipates that the Tuccori Settlement will apply to any claims based on any or all of the same factual predicates as those asserted in the Batton Action.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| eXp World Holdings, Inc. |
| (Registrant) |
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Date: May 29, 2026 | /s/ James Bramble |
| James Bramble |
| Chief Legal Counsel |