HousingWire reports that attorneys in the Sitzer/Burnett real estate commission lawsuit are seeking one-third of the $679 million settlement from NAR and HomeServices of America.
On Friday, April 26, 2024, HomeServices of America agreed to a settlement in Sitzer/Burnett, et al, for $250 million.
The U.S. Supreme Court ruled has rejected the plea by HomeServices of America to overturn the Sitzer/Burnett verdict, leaving HSofA as the only defendant that hasn’t reached a settlement with the plaintiffs.
Sitzer/Burnett plaintiffs are demanding over $4.7 billion from HomeServices of America, leveraging a trebled jury award minus previous settlements with NAR, Keller Williams, RE/MAX, and Anywhere.
HomeServices of America, along with three of its subsidiaries, have been dismissed by Judge Andrea Wood from the Batton 1 lawsuit filed by homebuyers.
Utah has now joined the list of states with class action copycat lawsuits filed in the wake of Sitzer/Burnett. A Utah home seller, Dalton Jensen, filed a complaint on February 9, 2024 against the National Association of Realtors (NAR) and several real estate brokerages.
HomeServices of America filed a petition on Friday, February 2, 2024, asking the Supreme Court to reject the Sitzer/Burnett trial and its verdict.
During a telephonic status hearing on Wednesday (11/29/23), Judge Andrea R. Wood said she would be able to try the Moehrl case in the fourth quarter of 2024, despite objections from NAR.
This week in BAM brings a BAMx Black Friday sale, lawsuit updates, winning mindset strategy, strategic partnerships with assisted living communities, Thanksgiving content ideas, a guide to Flodesk forms, and why branding colors matter.
A video shown by plaintiffs’ attorney Michael Ketchmark in the Sitzer/Burnett trial is now hurting HomeServices of America’s motion for summary judgment in the Nosalek case.
On October 30, Day 11 of Sitzer/Burnett, attorneys for the plaintiffs and defense gave their closing arguments and rebuttal.
On Day 9 of the Sitzer/Burnett trial, defendants called additional witnesses to the stand, including David Stevens, former Federal Housing Commissioner, T3Group founder Stefan Swanepoel, and Dr. Lawrence Wu, an economist and expert witness.
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