The investigation concerns whether eXp and certain of its directors and/or officers failed to disclose to shareholders that: (i) the Company's top agents, also known as "Influencers," and executives were accused of sexually assaulting eXp's real estate agents at Company events; (ii) the Company lacked a process and system to detect and report sexual misconduct to the Company's Board of Directors (the "Board"); and (iii) the Board failed to effectively respond to reports it received of sexual misconduct.
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