A University at Buffalo Law School professor has expressed concerns regarding the proposed $1 billion settlement in a high-profile antitrust class action involving the National Association of Realtors (NAR). The professor has urged a federal judge to reject the settlement, claiming that it disproportionately benefits the attorneys involved, potentially at the expense of the public interest.
The criticism centers on the assertion that the settlement may allow an alleged anticompetitive system to persist, rather than addressing the underlying issues. This view calls attention to the broader implications of attorney fees and possible workarounds that may affect the outcomes of such litigation.
For more information, the complete discussion on this issue is detailed in Law360’s coverage of the developing story.