BFV shareholders Charles Van Horn and Katherine Silverman represented Atlanta Communities Real Estate Brokerage, one of several defendants, in “a $44 million settlement with real estate brokerages over fee inflation claims similar to those that drove a landmark $1.8 billion verdict in Missouri several years ago,” as noted by Law360.
The litigation involved allegations that certain real estate brokerage practices resulted in inflated commission fees paid by home sellers, mirroring antitrust actions brought nationwide.
The court granted final approval of the settlement and rejected objections from out-of-state parties challenging the resolution. In its order, the court found no evidence of collusion and concluded that the objections lacked legal support.
BFV’s Real Estate Litigation team provides experienced counsel and advocacy to brokers, agents, developers, investors, builders, appraisers, lenders, buyers, sellers, and other industry professionals.
The firm assists a diverse range of clients across industries, including public companies, middle-market companies, family-owned businesses, and entrepreneurial/startup endeavors. It takes pride in delivering a results-driven, high-quality experience based on knowledge, expertise, and a personal touch unique to BFV.
