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

Housing Wire

Both claims were aimed at CoStar and James Kaminsky , the former Realtor.com employee at the center of the legal battle. 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. “The

Legal 370
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Court dismisses Move’s trade secret claims against CoStar

Housing Wire

CoStar has notched yet another procedural win in its legal battle with Move , the parent company of Realtor.com. Both claims were aimed at CoStar and James Kaminsky , the former Realtor.com employee at the center of the legal battle. In a ruling issued Tuesday, Judge George H. In total, Move’s first amended complaint had six claims.

Legal 435
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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.

Brokerage 447
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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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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. The latest filing does not include details on the collateral, only to say it includes cash, investment property, intellectual property, equipment and documents, among other things. million promissory note Side extended in April.

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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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Lenders must address repurchase risk before they go bust

Housing Wire

The cost of a bad hand When selling a loan, lenders provide legal assurances to the government-sponsored enterprises ( GSE s) that guarantee the accuracy and completeness of the loan data, known as representations and warranties. Documentation issues : Missing or inadequate documentation.

Investors 360