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...
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...
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 ...
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;...