Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
Time:2024-05-07 18:53:28 Source:entertainmentViews(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:Maternal deaths have fallen to pre
Next:Justin Steele returns from hamstring injury as Cubs take on Padres
You may also like
- Kyren Wilson wins world snooker championship for the first time after beating Jak Jones 18
- Xi Meets Burundian President
- Xi to Attend Opening Ceremony of Chengdu Universiade
- Kids' tour to Harbin becomes online hit
- Biden bows to pressure from anti
- China leads gold tally as teenage diver Quan shines at Tokyo Olympics
- UEFA Europa League: GNK Dinamo Zagreb and Wolfsberger AC
- Over 3,000 passengers embark on journey aboard China's homegrown large cruise ship
- This is the surprising risk of Ozempic NO ONE talks about