The National Association of Realtors has agreed to settle a series of lawsuits by paying $418 million in damages and by eliminating its rules on a standard 6 percent sales commission, according to The New York Times. The settlement might mean that…
Tag: Lawsuits
Experts assess states’ case in lawsuit against Meta over youth mental health concerns
Meta, the parent company of social media platforms Facebook and Instagram, faces federal lawsuits from 42 states’ attorneys general asserting that the company intentionally crafted features to make children and teens become addicted to their products. Virginia Tech experts Mike Horning and Donna Wertalik offer their perspectives on what the lawsuits mean for social media companies and users.
Why shareholder lawsuits are bad news for competitors
When a company is sued by shareholders, other companies in the same industry often see a drop in their own stock price and start to behave more transparently, presumably to avoid similar lawsuits.
Will you still invest in me tomorrow?
When entrepreneurs are casting about for venture capitalists to invest in their startup, one important aspect they should look at is if the VC has been involved in a crisis, especially lawsuits. If they have, they’re more likely to stick with their venture during a crisis.
Apologizing to customers after product failures can encourage repurchase, stave off lawsuits
Companies that express remorse in the wake of a product failure are more likely to encourage customers to repurchase from them, according to new research from Binghamton University, State University of New York.