Redfin threatened with legal action by former CEO on eve of IPO

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Redfin has been threatened with legal action by its former CEO as its IPO quickly approaches. The high-tech brokerage, which is expected to raise over $100 million when it goes public on Friday, received a letter on July 24 from David Eraker that “asserts a variety of claims” against Redfin director Paul Goodrich and Redfin investor Madrona Venture Group, Redfin disclosed in an updated SEC filing.