Posted at 19:31h
in
Press
by Jim White
By Brent Godwin, LAW360
A group of North Carolina homeowners is asking a federal judge to hold real estate investment company The Estates in contempt, saying it is violating the court's injunction on selling and buying properties and its charging order to pay $1.2 million...
Posted at 19:15h
in
Press
by Jim White
by Nate Beck
Law360 (September 9, 2022, 7:36 PM EDT) -- A North Carolina federal judge on Friday hit a real estate investment group with legal fees after a group of homeowners won at a trial accusing it of rigging public bids on foreclosed properties and...
Posted at 15:28h
in
Press
by Jim White
by Lauren Ohnesorge, Senior Staff Writer, Triangle Business Journal
It was a bold business model. The Estates’ website outlines the plan, how the founders “built a company that tracks distressed properties in a given state.”
“We have many employees that work full time to pull in the...
Posted at 14:54h
in
Press
by Jim White
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...
Posted at 15:43h
in
Press
by Jim White
The Estates LLC, which runs a database of North Carolina properties in foreclosure, lost its bid to avoid a trial of bid-rigging conspiracy claims, when a federal judge in Greensboro, N.C., ruled Wednesday that the company’s arguments applied the wrong antitrust standard.
(subscription required)
https://news.bloomberglaw.com/class-action/foreclosure-bid-rigging-litigation-headed-for-antitrust-trial
...
Posted at 17:48h
in
Press
by Jim White
Erin Gilmore<
erin@classaction.org
A proposed class action lawsuit alleges that The Estates LLC and several co-conspirators have engaged in a “bid-rigging” scheme to manipulate foreclosure sales in North Carolina.
Alleging violations of the Sherman Antitrust Act, the 27-page complaint claims defendants The Estates LLC; The Estates (UT), LLC;...