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A U.S. judge has approved settlements totaling $110 million involving Compass, Redfin, At World Properties, and six other brokerages. These companies were accused of conspiring to maintain artificially high residential home sale commission rates. The approval was granted by Judge Stephen Bough on October 31, following a prior jury verdict of $1.8 billion against the realtors association and other defendants last year. The settlements aim to resolve the ongoing litigation related to these commission practices.
A US judge on Oct. 31 approved $110 mln settlements with Compass, Redfin, and six other brokerages over real estate commissions. This decision came after a jury awarded a $1.8 billion verdict against the realtors association and other defendants last year https://t.co/HOabm6O8Hz https://t.co/4WDUg9QhuJ
Judge Stephen Bough granted approval for settlements involving Compass, Douglas Elliman, @properties and other companies. Collectively, the companies will pay $110 million to resolve the litigation. https://t.co/j7wYol3Msb
A U.S. judge said he will approve $110 million in settlements with Compass, Redfin, At World Properties and six other brokerages accused of conspiring to keep residential home sale commission rates artificially high @MikeScarcella https://t.co/HOabm6OGx7 https://t.co/ROGK7cOfcJ
