Anywhere Real Estate reports preliminary court approval of nationwide settlement

Anywhere Real Estate, formerly known as Realogy Holdings Corp., announced the company has received preliminary court approval of its nationwide agreement to settle all claims asserted or which could have been asserted against Anywhere in the Burnett, Moehrl, and Nosalek antitrust class action litigation. Preliminary approval of the settlement, the terms of which were announced in October 2023, certifies the Settlement Class and authorizes commencement of the notice period to potential class members. On or before December 22, 2023, parties must contact the court to schedule the final approval hearing, which the company still expects to occur in mid-2024. In the settlement, Anywhere agreed to provide monetary relief of $83.5M, substantially in line with the company’s financial planning, as well as injunctive relief. The proposed settlement is not an admission of liability, nor does it concede or validate any of the claims asserted against Anywhere. Following final court approval, the nationwide settlement will release the company, all subsidiaries, brands, affiliated agents, and franchisees from ongoing and future litigation surrounding the antitrust claims, including the October 31, 2023, jury verdict in the Burnett class action suit. “I am pleased the court has granted Anywhere preliminary approval of our nationwide settlement. Our efforts to resolve these claims remove future uncertainty and legal expense for Anywhere, our franchisees, and affiliated agents as, together, we focus on serving home buyers and sellers as they move to what’s next,” said Ryan Schneider, Anywhere CEO and president.