Warren Buffett's real estate brokerage reaches US$250-million antitrust settlement [Globe and Mail, The (Toronto, Canada)]
Berkshire Hathaway Inc. New (BRK.B)
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Source: Globe and Mail, The
Its settlement would eliminate the risk of a much higher payout, after a jury in Kansas City, Missouri in October sided with home sellers who accused the industry of conspiring to keep real estate commissions in that state artificially high. Jurors awarded $1.78-billion of damages, which a judge could have tripled. HomeServices' settlement requires court approval. Lawyers for the plaintiff sellers did not immediately respond to requests for comment. The NAR agreed to settle nationwide antitrust litigation for $418-million last month, and won a judge's preliminary approval on Tuesday. It also agreed to rewrite rules for paying buyers' and sellers' agents. Analysts said the changes could lower commissions by at least 25 per cent. With the latest settlement, the NAR and brokerages including HomeServices Anywhere Real Estate and Re/Max would pay more than $943-million to resolve antitrust claims. Berkshire Hathaway owns 92 per cent of Berkshire Hathaway Energy, which owns Hom
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News
- Warren Buffett, Former World's Richest Man, Says Success Isn't About Money, It's 'People That You Want To Have Love You Actually Do Love You' [Yahoo! Finance]Yahoo! Finance
- Redfin to pay $9 million in real estate antitrust settlement [Reuters]Reuters
- Pakistan's Top Group Engro Plans Berkshire Hathaway-Style Deals [BNN Bloomberg (Canada)]BNN Bloomberg
- Warren Buffett Sits On The Sidelines With $189 Billion In Cash: 4 Ways To Put Your Cash To Work If You're Following Suit [Yahoo! Finance]Yahoo! Finance
- Warren Buffett: How Investing in the S&P 500 Can Make You Rich [Yahoo! Finance]Yahoo! Finance
BRK.B
Earnings
- 5/4/24 - Beat
BRK.B
Sec Filings
- 5/7/24 - Form 8-K
- 5/6/24 - Form 10-Q
- 4/26/24 - Form 8-K
- BRK.B's page on the SEC website