T
he Gibson case continues to unfold, with Crye-Leike and Berkshire Hathaway Energy still refusing to settle. Howard Hanna, one of the last holdouts, has reached a deal without disclosing financial terms. This leaves only two brokerages yet to announce a settlement: Crye-Leike and Berkshire Hathaway's HomeServices of America.
In related news, Weichert and eXp have settled in a separate case, but their deals are facing challenges. The path to this point was marked by Hanna and other defendants repeatedly pushing back against the lawsuit, including attempting to have Judge Stephen Bough recuse himself due to alleged conflicts of interest.
The bigger picture shows that nine brokerages named in the Gibson suit have already received final approval on their settlements, paying out over $110 million in damages. In February, Judge Bough gave preliminary approval to settlements reached by several smaller brokerages, which will begin sending out class notices ahead of a final settlement hearing in June.
