A Missouri jury handed down a verdict Tuesday afternoon that could upend the residential real estate industry and slap its biggest trade group and several major brokerages with at least $1.8 billion in fines.
Two of the biggest brokerages in the country will no longer require their agents to be members of the National Association of Realtors following settlements they signed in a pair of lawsuits challenging broker commission and MLS access rules.
The National Association of Realtors is asking a federal judge to not let the Department of Justice walk away from a settlement that ended federal investigations into rules banning pocket listings.
The federal Department of Justice says it’s abandoning a proposed settlement and its civil antitrust complaint against the National Association of Realtors. But it’s not letting the group off the hook.
In what could be the most far-reaching antitrust lawsuit for the real estate market in decades, the National Association of Realtors and four of the largest realty companies have been accused of a conspiracy to systematically overcharge home sellers.
A U.S. judge on Thursday ordered Goldman Sachs Group Inc., JPMorgan Chase & Co. and four other large banks to face an antitrust lawsuit by investors who said they conspired to stifle competition in the nearly $2 trillion stock lending market.
Six generic drugmakers are asking a federal judge in Connecticut to dismiss a 40-state lawsuit accusing them of artificially inflating and manipulating prices to reduce competition for antibiotic and oral diabetes medication.
