Realogy quietly exits Homestore scandal
Lawsuit alleged 'incestuous' relationship with Realtor.com operator
By Matt Carter, Tuesday, September 1, 2009.When circular deals that artificially pumped up the revenue of Realtor.com operator Homestore during the dot-com boom unraveled, the crash of the company's stock and subsequent criminal trial of founder and former Chief Executive Officer Stuart Wolff grabbed headlines.
Nearly a decade later, Cendant Corp. has quietly become the last company accused of helping Homestore inflate its revenue to settle with Homestore investors, who filed a class-action lawsuit in December 2001.
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