Law professor estimates the plaintiffs' law firms are asking for only 3% of the total value of the deals when 'historic' business practice changes are taken into account
In a filing outlining costs and expenses, plaintiffs' attorney Michael Ketchmark estimates he has spent 7,000 hours on Gibson and other commission suits for work totaling $10.1M since 2019
HomeServices was potentially on the hook for the remaining $4.7B in damages from an Oct. 31 jury verdict in Sitzer | Burnett, which awarded plaintiffs $5.3B
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Robby Braun, partner at Cohen Milstein Sellers & Toll, addresses 'misconceptions' about the NAR deal's impact and says Realtors who try to ignore the changes 'will get left behind'
After 5 years and nearly 100K hours of work, the law firms are asking a federal court for $82M of the proposed settlements to be paid by Anywhere, Keller Williams and RE/MAX
The trade group's attorney says NAR is 'still analyzing' the consequences of the Sitzer | Burnett verdict. Judge Andrea R. Wood says Moehrl is a 'different case' that will likely go to trial in Q4 2024