The Hooper plaintiffs and four major brokerages have filed for preliminary approval of a $44.05 million settlement to resolve claims of anti-competitive practices.
The proposed settlements are designed to provide meaningful relief for home sellers while also bringing closure to protracted litigation over real estate practices.
These settlements aim to rectify alleged anti-competitive behavior by establishing new business practices, alongside financial reparations that total up to $44.05 million.
The negotiations for the agreements took months and were established after weighing the potential risks and costs of continuing litigation, with an eye toward effective resolutions.
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