The letter was received from a lawyer for David Eraker on Monday of this week, according to Redfin’s updated S-1 filing: On July 24, 2017, we received a letter from counsel to David Eraker, one of Redfin’s founders and our former CEO. David Eraker, a former Redfin CEO, is threatening to sue the company over a pending patent application ahead of its $120m initial public offering, according to an updated regulatory filing disclosed by Redfin. The proposed patent, which was filed in 2013, covers “methods and systems for providing information about users based on their online activities including social media activity or other Internet activities,” said the filing.
David Eraker, a former Redfin CEO, is threatening to sue the company over a pending patent application ahead of its $120m initial public offering, according to an updated regulatory filing disclosed by Redfin. The proposed patent, which was filed in 2013, covers “methods and systems for providing information about users based on their online activities including social media activity or other Internet activities,” said the filing.