Redfin shareholder vote on Rocket merger to proceed

A Redfin shareholder vote planned for today, June 4, will proceed as planned, according to legal documentation published by a Washington federal court Tuesday. The vote is one of the final steps for closing Rocket Companies’ $1.75 billion acquisition of the real estate brokerage.

In early May, plaintiff Jason Morano, a Redfin shareholder, sued the company, its CEO Glenn Kelman, and Rocket Companies in an effort to postpone the shareholder vote, arguing that the brokerage omitted key details for investors — specifically, the relationship between Goldman Sachs, Redfin’s financial adviser on the merger, and Rocket.

However, a Washington-based judge ruled that the shareholder vote will not be postponed, as both Rocket and Redfin released follow-up information that addressed what the suit…