On or around 01/21/2021 (Court's order of dismissal)
Filing Date: July 11, 2019
According to the Complaint, Realogy, through its subsidiaries, provides real estate and relocation services. The Company operates through four segments: Real Estate Franchise Services, Company Owned Real Estate Brokerage Services, Relocation Services, and title and Settlement Services.
The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Realogy was engaged in anticompetitive behavior by requiring property sellers to pay the commissions of a buyer’s broker at an inflated rate; (2) Realogy’s anticompetitive actions would prompt the U.S. Department of Justice to open an antitrust investigation into the real estate industry’s practices regarding brokers’ commissions; and (3) as a result, Defendants’ statements about the Realogy’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On November 7, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on March 6, 2020. Defendants filed a Motion to Dismiss the amended Complaint on August 3. On January 21, 2021, the Court issued an Order granting Defendants' Motion to Dismiss. The case was dismissed with prejudice.
Company & Securities Information
Defendant: Realogy Holdings Corp.
Industry: Real Estate Operations
Headquarters: United States
Ticker Symbol: RLGY
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Sasa Tanaskovic, et al. v. Realogy Holdings Corp., et al.
COURT: D. New Jersey
DOCKET #: 19-CV-15053
JUDGE: Hon. Stanley R. Chesler
DATE FILED: 07/11/2019
CLASS PERIOD START: 02/24/2017
CLASS PERIOD END: 05/22/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
The Rosen Law Firm (South Orange)
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of the Federal Securities Laws
U.S. District Court Civil Docket
Locals 302 and 612 of the International Union of Operating Engineers-Employers Construction Industry Retirement Trust, et al. v. Realogy Holdings Corp., et al.