Redfin investor seeks $450k for “intense” effort, legal fees

The Redfin investor who sued the real estate brokerage and Rocket Companies for allegedly failing to disclose key information about their merger is seeking a $450,000 award.

Jason Morano, the plaintiff, argues in a filing dated June 11 that his “intense litigation efforts” forced Redfin’s and Rocket’s hand in publishing supplemental disclosures that had a “substantial benefit…conferred upon Redfin stockholders.” If awarded the sum, Morano will mainly use it to pay attorney fees, documentation shows.

The added disclosures included details about Goldman Sachs’ lending relationship with Rocket. The investment firm advised Redfin during its merger negotiations with Rocket.

“By quantifying the magnitude of Goldman’s existing lending relationship with Rocket, those disclosures provided Redfin…