trending Market Intelligence /marketintelligence/en/news-insights/trending/i38h1elq6lzva9_95ktcqw2 content esgSubNav
In This List

$17M settlement in case against Realogy, PHH gets final approval

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

S&P Capital IQ Pro | Powered by Expert Insights


$17M settlement in case against Realogy, PHH gets final approval

A California judge gave the final approval for a $17 million settlement in a class-action lawsuit against PHH Corp. and Realogy Holdings Corp. and their respective subsidiaries and affiliates.

According to a release from law firm Robinson Calcagnie Inc., the nationwide suit was initially filed in November 2015 in the U.S. District Court, Central District of California, alleging improprieties by the companies.

Realogy and PHH were alleged to have violated the Real Estate Settlement Procedures Act by improperly paying and receiving kickbacks and referral fees, among other things, in connection with the referral of title insurance and other settlement services.

The $17 million settlement was preliminarily approved Jan. 29.