Litigation Update: JPML Ruling on Centralization

The Judicial Panel on Multidistrict Litigation (JPML) ruled that centralizing class action lawsuits is not necessary at this time because the settlement agreement NAR reached with plaintiffs on March 15 would resolve some, if not many, of the claims in the pending cases.

NAR is pleased with the ruling. It reflects that NAR’s settlement, which, if approved by the court, would end litigation nationwide for NAR and other released parties in the cases brought by home sellers.

To be clear, this JPML ruling does not affect the approval process for the settlement agreement.