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A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide claiming that longstanding practices by real estate brokerages ...
Including HomeServices' proposed payout, the real estate industry has now agreed to pay more than $943 million to make the lawsuits go away. “This is another significant settlement for American home sellers who have been saddled with paying billions in unnecessary commission costs," Benjamin Brown, managing partner at one of the law firms ...
HomeServices of America was recently named the largest residential brokerage in the country by Real Trends. It is owned by Buffett's Berkshire Hathaway. The lawsuit in question centers on a rule ...
In May 2013, Berkshire Hathaway subsidiary HomeServices of America filed a similar lawsuit against NeighborCity.com for reuse of photos from its (subsidiaries') listings without express permission. [13] NeighborCity filed a countersuit claiming anti-competitive practices.
The defendants in the lawsuit included Berkshire-owned HomeServices of America and its two subsidiaries, along with Keller Williams Realty. [35] [42] The lead lawyer for the plaintiffs in this lawsuit was Michael Ketchmark. [35] According to media sources, the awarded damages could be tripled to more than $5.3 billion under United States ...
On March 15, 2024, the National Association of Realtors announced that it would settle the lawsuit rather than appeal. The group agreed to change how commissions are paid and to pay back $418 million over four years. [16] The judge presiding over the case granted preliminary approval to the settlement on April 23, 2024. [17]
The federal Consumer Financial Protection Bureau says in a lawsuit that a unit of Warren Buffett's Berkshire Hathaway “ignored clear and obvious red flags” that borrowers couldn't afford the ...
Munger, Tolles, & Olson LLP (MTO) is an American law firm founded in 1962 with offices in Los Angeles, San Francisco, and Washington D.C. The firm is known for handling litigation and corporate matters across multiple industries, including entertainment, technology, energy, healthcare, and financial services.