Less than a month after the same court upheld the National Association of Realtors®’ settlement in the historic Burnett lawsuit, the Court of Appeals for the Eighth Circuit has now also upheld the settlements in the Gibson commission lawsuit. The Gibson lawsuit is the main copycat of the Burnett case, originally filed on the same…
Four retired federal judges are formally protesting the procedure by which the National Association of Realtors® (NAR) and other big brokerages, including Anywhere, settled the buyer commission cases, saying that the practice will encourage “forum-shopping” by class-action defendants. In a 22-page letter, known as an amicus curiae brief, Diane Wood, David Coar, G. Patrick Murphy…
A federal judge in Chicago has granted preliminary approval to settlement agreements with more than 20 real estate companies in a major antitrust lawsuit filed by recent homebuyers challenging commission practices in the residential real estate market. On May 26, U.S. District Judge Lindsay C. Jenkins approved opt-in agreements in the case Tuccori v. At…