Nosalek v. MLS PIN Settlement

A reader sent me the filings from the Nosalek v. MLS PIN case, one of the three commission lawsuit class action cases, showing that there was a settlement agreement reached between MLS PIN and the plaintiffs.

Assuming that this settlement agreement will be approved by the court (and it is exceedingly rare for a court not to approve a settlement agreement), at first glance, this looks like a HUGE win for MLS PIN. The settlement amount is a minuscule $3 million and the changes to the compensation rules are very minor. If this is the final form of the settlement, then yeah, MLS PIN is the big winner.

But maybe not. See below for more.

Since I do this for fun and education, please understand that I am not your lawyer. You should be consulting your actual attorney for actual legal advice.

Also, this is going to get long by necessity. So get yourself some coffee… or liquor — your call.

Ok, let’s get into it.