RE/MAX, LLC Settlement Granted Preliminary Approval In Antitrust Class Action Lawsuits; RE/MAX, LLC Has Deposited 25% Of The Agreed-Upon $55M Into A Settlement Fund; 25% Is Due Within 10 Business Days After Preliminary Approval; And The Remainder Within 10 Business Days After Final Court Approval
Portfolio Pulse from Benzinga Newsdesk
RE/MAX, LLC has received preliminary approval for a settlement in antitrust class action lawsuits. The lawsuits alleged that the company's policies led to inflated commissions for real estate brokers. This preliminary approval is a step towards resolving the litigation and may involve financial implications for the company, including potential payouts or changes to its business practices.
November 20, 2023 | 4:54 pm
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RE/MAX, LLC's preliminary settlement approval in antitrust class action lawsuits may lead to financial payouts and changes in business practices, potentially affecting the company's financial stability and reputation.
The preliminary settlement approval suggests that RE/MAX is moving towards resolving the antitrust lawsuits, which could involve financial costs and necessitate changes in commission policies. These factors could negatively impact the company's earnings in the short term and potentially affect investor sentiment.
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RELEVANCE 90