New York State Retirement Fund Opposes eXp World Move to Texas
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 15 2026
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The New York State Common Retirement Fund recommends a vote against a measure to reincorporate eXp World from Delaware to Texas and against all company directors, New York State Comptroller Thomas DiNapoli, trustee of the fund, announced. "The company proposed the move just weeks after a Delaware judge ruled that a lawsuit be allowed to proceed against certain company officers and directors, including its founder and CEO Glenn Sanford, for allegedly concealing a pervasive 'rape culture' at the company. Texas law limits shareholders' rights to hold companies accountable," DiNapoli said in a statement.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
