ANYWHERE ANNOUNCES TERMS OF NATIONWIDE SETTLEMENT AGREEMENT IN BURNETT AND MOEHRL ANTITRUST CLASS ACTIONS
The Company does not expect the terms of the proposed settlement to have a material impact on its results of operations, liquidity, or cash flows.
- The Company does not expect the terms of the proposed settlement to have a material impact on its results of operations, liquidity, or cash flows.
- The proposed settlement resolves, on a nationwide basis, all claims asserted against Anywhere in the Burnett and Moehrl cases and releases the Company, all subsidiaries, brands, affiliated agents, and franchisees.
- The proposed settlement is not an admission of liability, nor does it concede or validate any of the claims asserted against Anywhere.
- "I am pleased that Anywhere has reached a nationwide settlement with the plaintiffs in the Burnett and Moehrl cases," said Ryan Schneider, Anywhere chief executive officer and president.