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What will be the outcome of appeals against the preliminary approval of the $250 million settlement by the end of 2024?
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Resolution / Starting Odds
Preliminary approval upheld • 33%
Preliminary approval overturned • 33%
Settlement modified • 34%
Court records and official announcements
Story
Judge Approves $250M Settlement in NAR Antitrust Lawsuit
Aug 13, 2024, 02:01 PM
A judge has granted preliminary approval for a $250 million class action settlement to resolve an antitrust lawsuit filed by sellers against the National Association of Realtors (NAR) and other companies. The lawsuit accused these entities of conspiring to artificially inflate broker commission fees. Plaintiffs have protested the 'compulsory' Realtor membership required to access the Multiple Listing Service (MLS) after the guaranteed broker commission was removed. They argue that this membership rule is akin to mandating membership in a union, violating antitrust laws and constituting economic coercion and unfair restraint on trade.
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Ruling upheld • 25%
Ruling overturned • 25%
Case remanded for further proceedings • 25%
Settlement reached • 25%
Dismissal Upheld • 25%
Dismissal Overturned • 25%
Settlement Reached • 25%
Other • 25%
Verdict overturned • 25%
Verdict upheld • 25%
Settlement reached • 25%
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Mixed • 25%
Completed • 25%
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Approved without changes • 33%
Approved with changes • 33%
Rejected • 33%
Approved without changes • 25%
Approved with changes • 25%
Rejected • 25%
Pending decision • 25%
Approved • 33%
Rejected • 33%
Pending • 34%
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Mostly negative • 25%
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Indifferent • 25%