Opendoor Backers, Board, ‘SPAC King’ Get Final OK on Reform Deal

Opendoor Technologies Inc. investors, company leaders, and a venture capitalist have shown their agreement consisting of corporate reforms to settle a suit over the house-flipping startup’s blank-check merger merits final approval, a federal judge ruled.

Judge Michael T. Liburdi also approved an attorneys’ fee award of nearly $2 million in an order Tuesday for the US District Court for the District of Arizona.

• Investor Samhita Gera, suing on behalf of the company, alleged the defendants misled investors about the Opendoor real estate pricing algorithm’s capabilities
• The suit focuses on statements before Opendoor went public through a merger with a special ...