Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
Time:2024-05-07 16:56:21 Source:worldViews(143)
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:Bank Holiday Moo
You may also like
- China's software industry logs steady growth in Q1
- A quiet birthday for Meghan's former best
- Thomas Kingston dies aged 45: How the royal family will form a tight circle of support around much
- Queen Letizia dons a chic trouser suit to attend national awards ceremony with King Felipe
- Leak from Indiana fertilizer tank results in 10
- Auckland trains on eastern and southern lines suspended
- Will polo's 'David Beckham' and his ultra
- How Katharine, Duchess of Kent bagged a royal prince
- Berkshire Hathaway event gives good view of Warren Buffett's successor