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
North Dakota state rep found guilty of misdemeanor charge tied to budget votes and building
BISMARCK, N.D. (AP) — A jury in North Dakota on Friday convicted a state lawmaker of a misdemeanor i2024-05-07Goldman, Brown families could be first in line for OJ Simpson's assets
LOS ANGELES (AP) — O.J. Simpson died Wednesday without having paid the lion’s share of the $33.5 mil2024-05-07Maine sues biochemical giant over contamination from PCB
PORTLAND, Maine (AP) — Maine is suing biochemical giant Monsanto for allegedly knowingly selling pro2024-05-07This simple log structure may be the oldest example of early humans building with wood
NEW YORK (AP) — Researchers have uncovered a simple structure from the Stone Age that may be the old2024-05-07Rangers put rookie outfielder Wyatt Langford on the injured list with a right hamstring strain
OAKLAND, Calif. (AP) — Texas Rangers rookie outfielder Wyatt Langford was placed on the 10-day injur2024-05-072025 Oscars: Academy Awards announces March 2 date
LOS ANGELES (AP) — The 97th Academy Awards will be held March 2, the Academy of Motion Pictures Arts2024-05-07
atest comment