Subsidiaries

Real Estate Agents Sue National Association of Realtors and Subsidiaries for Allegedly Selling Bogus Leads

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Los Angeles — A group of eight real estate agents has initiated a lawsuit against the National Association of Realtors (NAR) and several affiliates of Move Inc., accusing them of misleading sales practices including the sale of fictitious leads to agents. This lawsuit, filed in Los Angeles County Superior Court, is seeking class-action status to represent all U.S. real estate agents who were allegedly deceived into purchasing these ineffective leads. The defendants in the case also include Move Sales, OpCity Acquisitions, OpCity Inc., and REA Group Ltd., all subsidiaries of Move Inc., which is itself … Read more

NanoString Technologies and Subsidiaries File for Bankruptcy Protection Following $31 Million Patent Infringement Case

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Seattle-based NanoString Technologies and three of its subsidiaries have filed for Chapter 11 bankruptcy protection, citing a $31 million jury award in a patent infringement lawsuit. The dispute arose after rival company 10x Genomics accused NanoString’s GeoMx® Digital Spatial Profiler (DSP) of infringing seven patents exclusively licensed to 10x by Prognosys Biosciences. The jury decided in favor of 10x, awarding them $31 million in damages. NanoString’s shares dropped 50% following the announcement of the award. In response, NanoString withdrew its full-year 2023 guidance to investors, which had projected revenue between $175 million and $185 million. … Read more