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Realogy responds to two-part series

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

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 statements by a U.S. District Court judge, who said that a Cendant press release issued in October 2000 "suggests there was no potential for the investing public to be deceived as to the nature of Cenda...