The article discusses the responses of defendants in the Gibson lawsuit, which alleges antitrust violations related to inflated real estate commissions. Following a jury decision on similar claims, the Gibson case seeks class-action status for those who paid buyer broker commissions since late 2019. Defendants, including Berkshire Hathaway's BHE, refute all claims of collusion and anticompetitive conduct, presenting numerous defenses such as argumentation on arbitration, statute of limitations, and assertions of pro-competitive practices, indicating a complex legal battle ahead pertaining to real estate commissions.
In response to the Gibson plaintiffs' allegations, all defendants have denied wrongdoing, emphasizing that the lawsuit lacks merit due to various legal defenses raised.
The Gibson suit seeks class-action status for individuals who paid buyer broker commissions since October 2019, mirroring previous commission lawsuits but with broader implications.
Defendants argue that plaintiffs must arbitrate their claims based on individual contracts, asserting that many defenses highlight a lack of sustained damages from the defendants' actions.
Many filings claim the allegations are not only groundless but also overreaching, indicating some believe that their practices actually promote competition within the real estate market.
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