Douglas elliman inc. enters into settlement agreement to resolve certain brokerage commission litigation

Miami--(business wire)--douglas elliman inc. (nyse: doug) today announced it has entered into a settlement agreement to resolve on 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 t.
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