Real Estate Cos. Pay $1M To Settle Listings Antitrust Suit

Law360, Los Angeles (September 24, 2013, 5:02 PM EDT) -- A South Carolina real estate listing service and the brokerage firms whose members sit on its board of trustees have agreed to pay $1 million to settle class action antitrust claims alleging they conspired to restrain competition. 

Consolidated Multiple Listings Service Inc., the brokerage firms and lead plaintiff Thomas Boland on Tuesday asked U.S. District Judge Sol Blatt Jr. to grant final approval of the proposed settlement, which would call for the defendants to pay $1 million into an escrow account for release to the class...
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