It Was Always About the Money, But So Cheap?
The RE/MAX Settlement forces a reconsideration
As longtime readers (and listeners of Industry Relations podcast) know, a motto of mine is “strong opinions, weakly held.” I write and say what I believe, based on the information available, and if the facts change, then my opinions are subject to change as well.
Well, the just-announced RE/MAX settlement in Burnett and Moehrl is one of those facts that could force a reconsideration.
I always knew these lawsuits were about the money; I did not and do not think plaintiff lawyers truly care about the underlying issues. Addressing some underlying injustice is a side effect of raking in the money.
I just didn’t think the lawyers were such pushovers and would let things go for so cheap.
I also didn’t want to write about things in detail until I saw the actual settlement agreement from the Realogy/Anywhere settlement, but this announcement forces my hand a bit. Because new facts demand new consideration. Once the actual settlement agreements are available, we might need to reconsider our reconsideration.
For now, though, let’s think about things with the new facts now disclosed.
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