The Gibson plaintiffs contend that eXp World Holdings and Weichert manipulated the class action settlement process through a reverse auction. They argue that this behavior constitutes abuse of the class action mechanism, fostering a non-transparent and unfair negotiating environment. eXp and Weichert allegedly selected less experienced legal counsel for their settlements, undermining the interests of the class they represent. The plaintiffs criticize the acceptable settlement terms claiming they are inadequate and emphasize that proper negotiations need to be transparent to prevent issues inherent in this situation.
The Gibson plaintiffs assert that eXp and Weichert orchestrated a reverse auction, undermining the class action process and leading to settlements lacking good faith.
By selecting less experienced counsel and negotiating with them secretly, eXp and Weichert allegedly orchestrated a blind bidding war, harming the interests of the class.
Collection
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