Consumers who sold Real Estate that was listed on MLS Property Information Network and Paid Commission to a Real Estate Agent may be affected by a Settlement
SOURCE Kroll Settlement Administration
PHILADELPHIA, July 10, 2025 /PRNewswire/ -- The following statement is being issued by Kroll Settlement Administration regarding the Nosalek v. MLS Property Information Network Settlement.
What is this lawsuit about?
The lawsuit alleges that MLS Property Information Network, Inc. ("MLS PIN"), a property listing service, and several other Defendant entities ?conspired to artificially inflate the commission paid by residential real estate sellers to buyer-brokers in violation of Section 1 of the Sherman Act, 15 U.S.C. ?Section 1, by implementing requirements in MLS PIN's listing rules that a seller of a home offer a commission to the broker for the buyer. MLS PIN ?disagrees with Plaintiffs' claims and denies any wrongdoing. This proposed Settlement resolves Plaintiffs' claims against MLS PIN only.? The Settlement does not resolve Plaintiffs' claims against other Defendants; those claims may be resolved by separate settlements.
Who is a Settlement Class Member?
You are a Settlement Class Member if, from December 17, 2016 (but no later than the date of the Final Judgment and Order of Dismissal), you listed (or list) Residential Real Estate on MLS PIN's Pinergy service through a Seller Broker, and you or the Seller-Broker paid (or pay) a Buyer-Broker Commission in connection with the sale of that Real Estate. Capitalized terms are defined in the Settlement Agreement, available on the website at www.MLSPINSettlement.com?.
What are the Settlement benefits?
The Settlement will provide $3.95 million to pay Settlement Class Members who submit valid and timely claim forms. The fund will be distributed to qualifying Settlement Class Members who submit an approved claim form on a pro rata basis based on the sale price of the Settlement Class Member's real estate as reflected in MLS PIN's records, after any awarded attorneys' fees, expenses, costs of settlement administration and notice, and service awards have been deducted.
In addition, MLS PIN agreed to make certain changes to its rules and practices that eliminate the anticompetitive restraints alleged in the complaint. Accordingly, if the Settlement is approved, Sellers of Real Estate in MLS PIN's service area will no longer be subject to the restrictions underlying Plaintiffs' claims.
What are your rights?
If the Settlement is approved, you are automatically included in the Settlement and bound by the Courts' decisions, but you need to submit a claim to receive benefits. The deadline to file a claim form is December 15, 2025. If you want to object to the Settlement (tell the Court why you think the Settlement should not be approved) or to Plaintiffs' Counsel's Fee and Expense Application, or to lead plaintiff awards, you may do so by filing an objection by September 2, 2025. Instructions on how to file a claim or objection are available at www.MLSPINSettlement.com.
The Court will hold a Final Approval Hearing on September 29, 2025, at the U.S. District Court for the District of Massachusetts, 1 Courthouse Way, Courtroom 19, 7th Floor, Boston, Massachusetts 02210, to consider whether to approve the Settlement. The Court will hear any objections, determine if the Settlement is fair, and consider Plaintiffs' request for fees and expenses. Class Counsel will ask the Court for attorneys' fees, not to exceed one-third (33.3%) of the $3.95 million Settlement Fund, for their work, as well as reimbursement in an amount not to exceed $200,000 for costs and expenses. The Court will decide the amount of fees to be awarded. Class Counsel will also request that service payments be paid to the Class Representatives in an amount not to exceed $5,000 each. Plaintiffs' motions for attorneys' fees and costs will be posted on the website once filed with the Court. You or your own lawyer, if you have one, may ask to appear and speak at the hearing at your own cost, but you do not have to.
This is only a summary. For detailed information, including the Settlement Agreement, Long Form Notice and other important documents, visit www.MLSPINSettlement.com, call (833) 933-6273, or write to Nosalek et al. v. MLS PIN Settlement, c/o Kroll Settlement Administration LLC, P.O. Box 5324, New York, NY 10150-5324.
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