Jury Awards $1.2 Million in Case Alleging Foreclosure Bid-Rigging Scheme

J.C. White Law Group PLLC and Blue LLP brought a successful lawsuit in the U.S. District Court for the Middle District of North Carolina on behalf of property owners who lost their homes and properties to a bid-rigging scheme in violation of Section 1 of the Sherman Act. The plaintiffs alleged group calling itself “The Estates” and its members, who operate through multiple LLCs, engaged in an illegal conspiracy to coordinate their bids at public foreclosures across the state of North Carolinas. The defendants are The Estates, LLC, The Estates (UT), LLC, Timbra of North Carolina, LLC, Versa Properties, LLC, Maldives, LLC, Tonya Newell and Carolyn Souther.

After a five-day long trial, a jury awarded the plaintiffs $1.2 million in damages.

Read the First Amended Complaint

Read the Jury’s Verdict

In the Press

• Jury finds Triangle firm committed ‘bid rigging’ – TBJ
• Foreclosure Bid-Rigging Case Nets $1.2 Million for Homeowners – BLOOMBERG LAW
• Foreclosure Bid Rigging Litigation Headed for Antitrust Trial – BLOOMBERG LAW
• Class Action: The Estates, Others Conspired to Manipulate Foreclosure Sales in NC – CLASSACTION.ORG