Replies to post #111668 on Savvy Trades and Investments

[researcher59]

RMAX -.52 to 7.59, reached a $55M settlement last September, but it is not yet court approved. This litigation is several years old and settlements are now being reached. For details see the 10K page 93. So this is old news, but continues to be a concern -

fwiw, I added a few shares today.

Excerpt -

On September 15, 2023, RE/MAX, LLC entered into a Settlement Term Sheet (the “Settlement”) with plaintiffs in the Burnett Action and Moehrl Action. The proposed Settlement would resolve all claims set forth in the Burnett Action and Moehrl Action, as well as all similar claims on a nationwide basis against RE/MAX, LLC (collectively, the “Nationwide Claims”) and would release RE/MAX, LLC and the Company, their subsidiaries and affiliates, and RE/MAX sub-franchisors, franchisees and their sales associates in the United States from the Nationwide Claims. By the terms of the Settlement, RE/MAX, LLC agreed to make certain changes to its business practices and to pay a total settlement amount of $55.0 million (the “Settlement Amount”) into a qualified settlement escrow fund (the “Settlement Fund”).