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Fathom is the latest brokerage to settle the commission lawsuits

Housing Wire

In a document filed with the Securities and Exchange Commission on Monday, Fathom notified shareholders of its decision to settle the antitrust claims related to the Siter/Burnett suit. Fathom Holdings , the parent company of Fathom Realty , has joined the list of corporate brokerages to settle the commission lawsuits.

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Side seeks more than $4 million from Alexander brothers, Official Partners

Housing Wire

The balance request includes additional damages for legal fees and a jury trial. Tal and Oren Alexander were superstars among real estate agents in New York City and Miami, having represented ultra wealthy clients at Douglas Eliman before leaving to found Official in 2022. million promissory note Side extended in April.

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Court dismisses Move’s trade secret claims against CoStar

Housing Wire

In the suit, Move alleges that Kaminsky stole documents and trade secrets from Realtor.com, which he then provided to CoStar to fuel the rapid growth of Homes.com. In total, Move’s first amended complaint had six claims. Two of them were aimed at CoStar and Kaminsky and dealt with trade secret misappropriation claims. Kaminsky’s breach.”

Legal 435
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Reffkin trades in Compass stock for $7M cash bonus

Housing Wire

According to a document filed last week with the Securities and Exchange Commission , Reffkin is relinquishing $25 million in performance-based restricted stock unit awards in exchange for a $7 million cash bonus. For the changes to Reffkin’s compensation plan alone, Compass will pay $25,000 in legal fees, according to the SEC filing.

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ALTA: Protecting property rights with title insurance

Housing Wire

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. Diane Tomb, ALTA CEO Contributor. In fact, Iowa’s total closing costs were higher than 12 other states in 2021.

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Former Homesnap employees stole trade secrets over online marketplace tech, CoStar alleges

Housing Wire

Online real estate market provider CoStar Group has sued former Homesnap founder Guy Wolcott and three others for allegedly stealing trade secrets related to its online information platform feeding its various marketplace products, including Homes.com and Apartments.com , according to court documents obtained by HousingWire.

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Move claims employee at center of legal battle with CoStar caused $5K in damage

Housing Wire

In the suit, Move alleges that Kaminsky stole documents and trade secrets from Realtor.com, which he then provided to CoStar to fuel the rapid growth of Homes.com. Move also noted that it retained a forensics expert to investigate the scope of Kaminsky’s document access and assess any alleged damage he may have caused.

Legal 370