In a long battle between real estate brokers who provided
services to the company Broker Price Opinion, who the brokers claimed failed to
pay them or delayed payment, is finally being settled. In the class action
Wornicki v. BrokerPriceOpinion.com 13-cv-03258 District Court of Colorado,
Judge Philip Brimmer preliminarily approved the class action on August 8, 2017
providing for monetary relief for anyone who prepared a broker price opinion
from December 2007 with BrokerPriceOpinion and who has not been paid in full.
Stefan
Coleman, a lawyer for the Law Officesof Stefan Coleman called this, “a
big victory for real estate brokers across the country who have provided broker
price opinions and who are still owed money. We had real estate agents
contacting our firm for years who hadn’t been paid in a very long time and were
owed several thousand dollars. This settlement provides these brokers with the
opportunity to get some of their money back and ensure that if they want to
continue to provide services in the future, there are means to ensure that they
will be paid for their valuable service.
Coleman went on
to praise the work of the Terrell Marshall Law Group who acted as lead counsel
on the case. Coleman went on to say that, “Beth Terrell showed exemplary
character and commitment in this case, continuing to fight for the real estate
brokers who had not been paid in spite of the many obstacles and almost four
years of litigation to get this case settled on good terms.
The class action settlement provides for a total of $1.56
Million over a 4-year period. In addition, BrokerPriceOpinion agrees to ensure
that going forward, brokers will be paid within 90 days of submitting their
BPOs. The class action settlement also provides oversight measures and serious
consequences for BrokerPriceOpinion if they fail to uphold their assurances of
timely paying brokers.
Class members
will be notified shortly according to the notice plan set out in the class
action settlement. Each class member will get the opportunity to claim the
amount they are owed from the settlement fund.
Source:- http://www.prweb.com/releases/stefancolemanlawyer/lawofficesofstefancoleman/prweb14573476.htm
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