Inman Connect
Real estate giant Realogy Holdings Corp. has beat back a lawsuit alleging the firm artificially inflated its stock price by failing to disclose its “anticompetitive” practice of requiring homesellers to pay the buyer broker commissions “at inflated rates.”
In July 2019, investor plaintiff Sasa Tanaskovic filed a federal lawsuit seeking class-action status in the U.S. District Court of New Jersey alleging securities fraud against Realogy and a slew of its executives: former CEO Richard A. Smith, current CEO Ryan M. Schneider, former CFO Anthony E. Hull and current senior vice president, chief accounting officer and controller Timothy B. Gustavson.