Propnex says lawsuit against unit for alleged salesperson misconduct withdrawn
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PropNex announced that a lawsuit against its subsidiary, PropNex Realty, for alleged misconduct has been withdrawn. The lawsuit, initially filed in February 2025, sought damages related to the actions of a salesperson. PropNex stated that the claimant has discontinued the case, and there is no material impact on the company's financial position for the year ending December 31, 2025. This follows another lawsuit dropped in October 2025 regarding a different allegation. PropNex shares rose by 1.1% to $1.90 prior to the announcement.
Source: Straitstimes The copyright of this article belongs to the original author/organization.
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