Douglas Elliman Inc. Enters into Settlement Agreement to Resolve Certain Brokerage Commission Litigation [Yahoo! Finance]
Douglas Elliman Inc. (DOUG)
Company Research
Source: Yahoo! Finance
a nationwide basis the pending class action litigation on behalf of sellers relating to real estate brokerage fees in the Gibson and Umpa cases pending in the Western District of Missouri (the "Actions"). Under the terms of the settlement agreement, Douglas Elliman has agreed to pay $7.75 million within 30 business days of preliminary approval of the settlement by the Court and up to two additional $5 million contingent payments between December 31, 2025 and December 31, 2027. The settlement agreement is not an admission of liability, or of the validity of any claim, and the Company denies the material allegations asserted against it. "The settlement agreement reflects Douglas Elliman's commitment to mitigating future uncertainties and limiting legal costs, which will benefit our Company, agents and stockholders," said Howard M. Lorber, Chairman and Chief Executive Officer of Douglas Elliman. "Our global network of leading agents and luxury brand continue to position Douglas Ellim
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DOUG
News
- Douglas Elliman Inc. (NYSE:DOUG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Bilt Rewards and Douglas Elliman Property Management Announce New Landmark Partnership [Yahoo! Finance]Yahoo! Finance
- Bilt Rewards and Douglas Elliman Property Management Announce New Landmark PartnershipBusiness Wire
- Douglas Elliman Inc. Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Douglas Elliman Inc. Reports First Quarter 2024 Financial ResultsBusiness Wire
DOUG
Earnings
- 5/9/24 - Miss
DOUG
Sec Filings
- 5/10/24 - Form 10-Q
- 5/10/24 - Form 8-K
- 5/8/24 - Form 4
- DOUG's page on the SEC website