Realogy puts Homestore behind it

Settlement extricates Realogy, CEO from legal battle

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Realogy Corp. and Chief Executive Officer Richard A. Smith have extricated themselves from a legal battle over the alleged role of their former parent company in one of the most notorious episodes of the dot-com bust.

Smith and Realogy’s former parent company, Cendant Corp., were accused in a class-action lawsuit of concealing the reciprocal nature of deals that allegedly helped Cendant’s business partner, Homestore.com, claim revenue growth that artificially inflated the company’s share price.