11 Apr Foreclosure Bid-Rigging Case Nets $1.2 Million for Homeowners – BLOOMBERG LAW
Estates LLC, which runs a database of North Carolina properties in foreclosure, was hit with nearly $1.2 million in damages by a federal jury in Greensboro, N.C., which ruled in favor of homeowners who led antitrust litigation over an alleged bid-rigging scheme by the company and its members. The jury returned its verdict April 8 after a five-day trial in the U.S. District Court for the Middle District of North Carolina, where a group of property owners brought the lawsuit in 2019. Judge Catherine C. Eagles presided over the case.
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