Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
Redfin has agreed to pay $9.25 million to settle federal lawsuits that claim U.S. homeowners were saddled with artificially inflated broker commissions when they sold their home as a result of longstanding real estate industry practices.
The online brokerage and real estate services company disclosed the proposed settlement Monday in a regulatory filing with the Securities and Exchange Commission.
The settlement, which Redfin agreed to Friday, would resolve pending class action lawsuits filed in federal court in the Western District of Missouri, and also shield the company, its subsidiaries and agents from similar cases around the country, according to the filing.
“Resolving this litigation now and removing uncertainty is in the best interest of the company, our employees, and our investors,” the company said in a statement Monday.
Related articles
Revealed: Bernard Hill's touching seven
Bernard Hill's touching response to getting offered a role in the BBC Drama The Responder has been r2024-05-07VOX POPULI: LDP lawmakers’ remarks about political funds create a paradox
There exists a famous paradox involving a Cretan who claims, “Cretans always lie.”If we assume this2024-05-07VOX POPULI: Manga artist exposes the juicy dynamics behind ‘oden’ factions
Factions are essentially about “hanging around together with buddies,” manga artist Sadao Shoji obse2024-05-07Chinese comedy group punishment sends chills through arts sphere
By Matthew Walsh and Rebecca BaileyChina’s recent punishment of a comedy studio has sent a chi2024-05-07Biden recognizes US Military Academy with trophy for besting other service academies in football
WASHINGTON (AP) — President Joe Biden on Monday recognized the United States Military Academy with t2024-05-07Coronavirus China update: China's funeral homes overcrowded amid COVID
Your web browser is no longer supported. To improve your experience update it here2024-05-07
atest comment