The Real Brokerage Inc. Announces Final Approval of Settlement Agreement in Class Action Litigation
The Real Brokerage, Inc. - Common Shares (REAX)
Company Research
Source: Business Wire
TORONTO & NEW YORK--(BUSINESS WIRE)--The Real Brokerage Inc. (NASDAQ: REAX, “Real” or the “Company”) today announced that on October 31, 2024, Judge Stephen R. Bough of the United States District Court for the Western District of Missouri granted final approval of the Settlement Agreement the Company entered into to resolve pending class action litigation, Umpa v. NAR, No. 4:23-cv-00945 (W.D. Mo.), on a nationwide basis (the “Settlement Agreement”). The Company first announced the Settlement Agreement on April 8, 2024.As previously disclosed, the Settlement Agreement conclusively addresses all claims asserted against Real in the Umpa lawsuit, releasing Real, its subsidiaries, and affiliated agents from these claims. The Settlement Agreement does not constitute an admission of liability by Real, nor does it concede or validate any of the claims asserted in the litigation.Under the terms of the Settlement Agreement, Real paid $9.25 million into a qualified settlement fund within 30
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REAX
Earnings
- 8/7/24 - Beat
REAX
Sec Filings
- 10/31/24 - Form 6-K
- 10/28/24 - Form EFFECT
- 10/22/24 - Form 6-K
- REAX's page on the SEC website