"Douglas Elliman's settlement announcement comes as the homebuyer plaintiffs in the Batton lawsuit have sought to prevent other brokerage defendants from settling the homebuyer claims via the Tuccori suit opt-in settlement."
"According to the notice filed by Douglas Elliman earlier this week, the company opposes this motion because it improperly seeks to prevent the non-released, non-enjoined buyer-side putative class and Defendants from participating in the court-approved opt-in settlement procedure in Tuccori."
Douglas Elliman has settled the homebuyer commission lawsuits via the Tuccori opt-in settlement, notifying the court in the Lutz lawsuit. The opt-in period for the Tuccori settlement closes soon, but the financial terms remain undisclosed. The Batton lawsuit plaintiffs are attempting to block other brokerages from settling through Tuccori, but their efforts to intervene have been denied. They are seeking to appoint Tuccori plaintiffs' counsel as co-lead counsel, which Douglas Elliman opposes, arguing it restricts participation in the settlement process.
Read at www.housingwire.com
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