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…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Zillow sues Compass, MRED; Claims Compass engaging in “illegal conspiracy” On May 12, Zillow filed a federal lawsuit, claiming that, early this month, Chicago-based MLS MRED “demanded that Zillow reinstate Compass private listings…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Compass v. NWMLS: Compass says 3PM strategy complies with new law Compass filed a motion to dismiss April 23 arguing that its 3-Phased Marketing strategy fully complies with Washington’s incoming Private Marketing Law,…
New York Luxury firm Douglas Elliman has reached a settlement to resolve remaining homebuyer claims in a buyer copycat case known as Tuccori, according to a court document filed April 9. The settlement, filed in the U.S. District Court for the Southern District of Florida, allows Douglas Elliman to resolve residential homebuyer claims that were…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Hanna Holdings opts in to copycat buyer settlement Hanna Holdings has opted into a copycat buyer-broker commission settlement, even as litigation tied to the agreement continues to face challenges in federal court. In…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Judges appear inclined to allow Anywhere copycat settlement to proceed Two federal judges last week denied a series of requests from the Batton plaintiffs—including a motion to intervene in the Tuccori case, a…
Plaintiffs in the largest buyer commission case (known as Batton) filed a motion to intervene Monday in a smaller commission case, Tuccori v. At World Properties, seeking to block preliminary approval of a proposed opt-in settlement by Anywhere Real Estate (a defendant in Batton) that they say would extinguish five years of homebuyer antitrust litigation…