Fathom Holdings Has Reached A Nationwide Settlement Related To Claims Asserted In Burnett V. The National Association Of Realtors; Fathom Realty Will Pay $500K Into A Settlement Fund Within 5 Days After The Settlement Is Formally Approved By The Court, $500K On Or Before October 1st, 2025, And $1,950K On Or Before October 1st, 2026
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Fathom Holdings Inc. (NASDAQ:FTHM) has reached a nationwide settlement in the Burnett v. The National Association of Realtors case. Fathom Realty, its subsidiary, will pay a total of $2.95 million in installments by 2026. The company believes the settlement is immaterial in GAAP terms and will not impact its business operations.
September 16, 2024 | 8:18 pm
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Fathom Holdings Inc. has settled a legal case, agreeing to pay $2.95 million by 2026. The company states the settlement is immaterial in GAAP terms and will not affect its business operations.
The settlement involves a financial commitment of $2.95 million over several years, which Fathom Holdings claims will not impact its operations. This suggests a neutral short-term impact on the stock price, as the company has assured investors of its financial stability.
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IMPORTANCE 70
RELEVANCE 100