Crye-Leike recorded $7 billion in sales in 2022, influencing its potential participation in the Gibson commission lawsuit if considered as one versus six companies. Each of the six Crye-Leike entities, owned by Harold Crye, maintains claims of independent operation. The Gibson suit, filed shortly after a guilty verdict in another significant case, mirrors allegations against NAR and brokerages regarding commission inflation. Notably, Judge Stephen Bough's potential conflict of interest due to donations from a plaintiffs' attorney raises scrutiny over the judicial objectivity in this case.
Crye-Leike's situation hinges on whether it is treated as one entity or as six distinct companies, which significantly impacts its inclusion in the Gibson lawsuit.
The Gibson commission lawsuit echoes the Sitzer/Burnett case, targeting alleged collusion by NAR and brokerages to inflate commissions, but features more defendants.
Judge Stephen Bough's involvement in both cases raises questions of conflict of interest, particularly due to past campaign donations linked to a plaintiffs' attorney.
Crye-Leike's defense rests on its claims of independence among its six companies, but their collective sales volume presents a strategic issue in the ongoing lawsuit.
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