Judge Mark H. Cohen denied a request to move the Hooper case from Georgia to Missouri and intervened in the Gibson class-action lawsuit. eXp and Weichert's settlements are positioned as consistent with prior agreements in the Gibson suit, which addresses alleged commission inflation by brokerages. With eXp settling for $34 million and Weichert for $8.5 million, the settlements have been met with both support and scrutiny, especially given Judge Stephen R. Bough's controversial handling of related cases. Ongoing litigation raises important questions about industry practices.
Judge Mark H. Cohen rejected the motion to intervene in the Hooper case, affirming that eXp and Weichert's settlements aligned with the Gibson suit.
Bryan Knight expressed confidence in moving forward with the Hooper case settlements, emphasizing their alignment with prior resolutions from similar lawsuits.
The court's ruling supports a consistent legal approach, denying the Gibson plaintiffs' motion to intervene and allowing eXp and Weichert to settle as planned.
Cases like the Gibson lawsuit follow significant settlements in the real estate sector, highlighting ongoing scrutiny over commission structures and brokerage practices.
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