Douglas Elliman opts into Tuccori homebuyer commission suit settlement

Douglas Elliman has joined the growing list of firms settling the homebuyer commission lawsuits via the opt-in settlement in the Tuccori homebuyer commission lawsuit. 

The firm notified the court in the Lutz homebuyer commission lawsuit, in which it is a defendant, of its settlement on Thursday. According to the filing, the opt-in period for the Tuccori settlement closes on Monday. 

The terms and financial conditions of the settlement were not released. 

Douglas Elliman’s settlement announcement comes as the homebuyer plaintiffs in the Batton lawsuit have sought to prevent other brokerage defendants from settling the homebuyer claims via the Tuccori suit opt-in settlement. So far, the Batton plaintiffs have been denied in their efforts to intervene in the Tuccori lawsuit. 

But the Batton plaintiffs and the Lutz plaintiffs are jointly seeking to appoint the Tuccori plaintiffs’ counsel as co-lead counsel in their lawsuits. According to the notice filed by Douglas Elliman earlier this week, the company opposes this motion because it “improperly seeks to prevent the non-released, non-enjoined buyer-side putative class and Defendants from participating in the court-approved opt-in settlement procedure in Tuccori.” 

Other firms who have opted into the Tuccori settlement include Anywhere Real Estate and Hanna Holdings. 

Douglas Elliman did not immediately return HousingWire’s request for comment.