Redfin (RDFN) ALERT: Johnson Fistel Investigates Proposed Sale of Redfin to Rocket Companies

Group 1 - Johnson Fistel, LLP has initiated an investigation into the board members of Redfin Corporation regarding potential breaches of fiduciary duties related to the proposed sale to Rocket Companies [1][3] - Redfin has entered into a definitive merger agreement with Rocket Companies, where shareholders will receive a fixed exchange ratio of 0.7926 shares of Rocket Companies common stock for each share of Redfin, equating to approximately $12.50 per share based on Rocket's closing stock price on March 7, 2025 [2] - The investigation focuses on whether the Redfin board adequately explored alternatives to the acquisition and secured the best possible price for Redfin shares [3] Group 2 - Johnson Fistel, LLP is a recognized shareholder rights law firm with multiple offices across the United States, representing both individual and institutional investors in shareholder derivative and securities class action lawsuits [4]