August 9, 2024
A Missouri federal judge granted preliminary approval for a $250 million class action settlement to end an antitrust suit filed by home sellers who accused the National Association of Realtors, HomeServices of America Inc. and other companies of conspiring to artificially inflate broker commission fees.
In his Thursday order, U.S. District Judge Stephen R. Bough also certified the class and scheduled a final approval hearing for Nov. 26. The class’ $250 million settlement with HomeServices of America, its subsidiary Long & Foster Cos. Inc. and HomeServices of America affiliates BHH Affiliates LLC and HSF Affiliates LLC was reached in April.
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The certified class is represented by Benjamin H. Fadler, Michael S. Ketchmark, Scott A. McCreight of Ketchmark & McCreight PC, Karl Barth, Rio Pierce and Steve W. Berman of Hagens Berman Sobol Shapiro LLP, Beatrice Franklin and Marc M. Seltzer of Susman Godfrey LLP, Benjamin D. Brown and Robert A. Braun of Cohen Milstein Sellers & Toll PLLC, Eric L. Dirks and Matthew L. Dameron of Williams Dirks Dameron LLC, and Jeremy M. Suhr and Brandon J.B. Boulware of Boulware Law LLC.