BrokerageIndustry News

Realogy responds to two-part series

Correction and amplifications
Published on Sep 4, 2009

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by CareyBot

Lawyers for Realogy and Richard A. Smith requested corrections and clarifications on a recent two-part series (see "Realogy puts Homestore behind it" and "Realogy quietly exits Homestore scandal") that focused on ties between Homestore (now Move Inc.) and former Realogy parent company Cendant, and the settlement earlier this year of securities fraud litigation that dates back to 2001.

The lawyers point to public disclosures of Cendant's relationship with the Real Estate Technology Trust, or RETT, and the purpose of RETT. Among those disclosures was a proxy statement filed by Homestore in November 2000. And they cite stateme