Allan Dalton, the former president of home-search site Realtor.com, has "voluntarily resigned" his position with a secretive venture at Move Inc. and will serve as a senior advisor to the company, according to company documents filed with the U.S. Securities and Exchange Commission.
Move Inc. officials offered no comment about Dalton’s resignation. more…
Tags: Industry News · Inman Real Estate · Move Inc. · Real estate technology · belote · dalton · homestore · mike long · sec · severance
A Move Inc. shareholder seeks the ouster of company CEO Mike Long and Chief Financial Officer Lewis R. Belote III over a $129.9 million securities investment that is currently illiquid.
David Nierenberg, representing The D3 Family Funds of Camas, Wash., charges in a U.S. Securities and Exchange Commission filing today that Realtor.com operator Move Inc.’s large investment in auction-rate securities was a "blunder," as investor interest in that market has dropped off sharply. more…
Tags: Industry News · Inman Real Estate · Investing · Move Inc. · bono · illiquid · investment · mike long · nierenberg · shareholder
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