Real Estate Brokers Settle Antitrust Suit For $2.4M

Law360, New York (June 21, 2011, 8:39 PM EDT) -- A group of Pennsylvania real estate brokerages and an electronic property listing database moderator will pay $2.4 million to settle a putative class action alleging they conspired to keep broker commissions artificially high, according to a motion filed Monday.

Named plaintiff Thomas L. Logue filed the motion for preliminary approval of a settlement in a case claiming West Penn Multi-List Inc. and nine real estate brokerages conspired to keep prices of western Pennsylvania brokerage services artificially high by limiting competition among companies offering the services in...
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