Judge Cohen has ruled against the Gibson plaintiffs by denying their motion to file a surreply related to the Hooper case, which concerns preliminary settlements with eXp World Holdings and Weichert Realtors. He emphasized that the Gibson plaintiffs lack standing and will have their chance to address any settlement impacts on their rights during the class action fairness hearing. The Gibson plaintiffs claimed inaccuracies in the Hooper filing and pointed to evidence of reverse auctions affecting settlement terms. The settlements at stake are $34 million with eXp and $8.5 million with Weichert.
Judge Cohen stated that the movants are not parties to the Hooper case and lack standing to respond, ensuring they can voice concerns during the class action fairness hearing.
The Gibson plaintiffs argued that their proposed surreply was necessary to address factual misstatements and provide evidence of reverse auctions conducted to secure settlement agreements.
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