Alaska Real Estate Class Action Settlement

A settlement has been reached in a class action lawsuit that alleges Vista Real Estate Inc. and JWC Inc. d/b/a/ Prudential Jack White Real Estate violated Alaska law by failing to provide written acknowledgements that the companies would be acting as representatives on both sides of the real estate transaction.

If you were a buyer or seller of Alaska residential real estate between April 15, 1999 and April 15, 2002, and agents of Vista Real Estate or JWC represented both the buyer and the seller in the same transaction, your rights may be affected by the Alaska real estate class action settlement.

The Alaska real estate class action lawsuit was filed in September 2002, and the Class was initially certified in August 2010. The Class certification order was amended in December 2015 to include Prudential defendants.

The defendants deny the allegations but agreed to settle the Alaska real estate class action lawsuit to avoid the expense and uncertainty of ongoing litigation.

Class Members who wish to opt out of or object to the Alaska real estate settlement must do so no later than Aug. 23, 2016.

Who’s Eligible

Class Members of the Alaska real estate settlement include buyers and sellers of Alaska residential real estate during the period from April 15, 1999 and April 15, 2002, wherein agents of Vista Real Estate or JWC represented both the buyer and seller in the same transaction.

Potential Award

Varies. Class Members will receive a voucher that will provide the following discounts off of a three percent real estate commission for any residential real estate transaction throughout the United States:

NOTE: To use the voucher, you must first contact Jack White Real Estate at (907) 762-7555 or settlement@JackWhite.com before contacting a real estate professional. The voucher will remain valid until Sept. 1, 2021.

Proof of Purchase

N/A. Class Members who do not opt out of the Alaska real estate settlement will automatically receive benefits if the settlement is approved.

FAQs

FREQUENTLY ASKED QUESTIONS »

Claim Form Deadline

N/A. Class Members who do not opt out of the Alaska real estate settlement will automatically receive benefits if the settlement is approved. There is no Claim Form deadline.

Case Name

Eldon Tanner, et al. v. Vista Real Estate Inc., et al., Case No. 3AN-02-11090 CI, in the Superior Court for the State of Alaska, Third Judicial District at Anchorage

Final Hearing

09/12/2016

Settlement Website

www.AlaskaRealEstateClassAction.com

Claims Administrator

Alaska Real Estate Class Action Settlement Administrator
P.O. Box 40007
College Station, TX 77842-4007
1-866-561-6108

Class Counsel

Robert H. Wagstaff
LAW OFFICES OF ROBERT H. WAGSTAFF

George Freeman
LAW OFFICES OF GEORGE T. FREEMAN

Gretchen M. Nelson
KREINDLER & KREINDLER LLP

Defense Counsel

Howard S. Trickey
HOLLAND & KNIGHT LLP

Peter Sandberg
INGALDSON FITZGERALD

Prudential Defendants’ Counsel:

Gilbert R. Serota
ARNOLD & PORTER

Tim Petumenos
LAW OFFICE OF TIM PETUMENOS