NY Retirement Fund recommends vote against all eXp World directors

The New York State Common Retirement Fund recommends a vote against a measure to reincorporate eXp World (EXPI) from Delaware to Texas and against all company directors, New York State Comptroller Thomas DiNapoli, trustee of the fund, announced. “The company proposed the move just weeks after a Delaware judge ruled that a lawsuit be allowed to proceed against certain company officers and directors, including its founder and CEO Glenn Sanford, for allegedly concealing a pervasive ‘rape culture’ at the company. Texas law limits shareholders’ rights to hold companies accountable,” DiNapoli said in a statement.