litigation
confidence high
sentiment neutral
materiality 0.50
RE/MAX subsidiary settles remaining class action claims for $8.5 million
RE/MAX Holdings, Inc.
- REMAX, LLC agrees to pay $8.5M to settle claims in Batton class action (No. 1:21-cv-00430).
- Payment: $1.5M after preliminary approval, $7.0M after final court approval (incl. appeals).
- REMAX denies liability; settlement is not an admission of any claim or wrongdoing.
- Prior Settlement granted final approval; appeals pending; this resolves all remaining claims.
- REMAX intends to use available cash to fund the Settlement Amount.
item 7.01