Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
Release time：2024-05-07 15:25:29 Source：Culture Compass news portal
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.
- Previous：Rise of David Lloyd's 'two
- Next：One natural gas transport plan killed in New Jersey as another forges ahead
Related articles
- Kyren Wilson wins world snooker championship for the first time after beating Jak Jones 18
- MPs 'probably' deserve pay rises, former minister Chris Finlayson says
- Four things to watch out for as Americans vote
- 'Rust' armorer called 'sloppy,' defense says she's a scapegoat
- Moyes leaving West Ham at the end of the season. Lopetegui linked as the replacement
- Auckland's rail operators promise city's trains will run more smoothly
- Watch: Christopher Luxon faces questions at post
- Public sector workers 'angry, annoyed' at government job cuts
- Biden bows to pressure from anti
- Christopher Luxon and business leaders to travel to South East Asia on trade, diplomatic mission
- ABC News president Kim Godwin steps down
- Samantha Murphy's accused killer named as Patrick Orren Stephenson after suppression order ends
- Haiti gangs try to take over Port
- WeightWatchers shares tumble as Oprah decides to exit board
- College protests: Columbia University cancels main commencement
- Killer whale vs shark: Solo orca eats great white
- Alexei Navalny was about to be freed in prisoner swap, says colleague
- Attendance action plan includes daily data, traffic light system
- Dodgers place Kelly on injured list. Buehler activated to make first start in 2 years
- Christopher Luxon and business leaders to travel to South East Asia on trade, diplomatic mission
Random recommendation
- Copyright © 2024 Powered by Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits ,Culture Compass news portal sitemap