"Because this is such a big case, ... we expect other suits to follow," said Ricardo Martinez-Cid, of Miami's Podhurst Oreck.
March 29, 2024 at 05:49 PM
5 minute read
The original version of this story was published on Daily Business Review
Many South Florida boat brokers may be looking for lawyers after two federal class action lawsuits were filed in Miami, alleging violations of antitrust laws in the boat sales industry regarding years of alleged excessive commission on sales.
The new filing comes on the heels of a similar class against the National Association of Realtors resulting in a March 15 settlement of $418 million dollars after a jury in October awarded $1.8 billion to class plaintiffs for violating antitrust laws.
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Yachts at the Fort Lauderdale, Florida boat show. Credit: Juerg/Adobe Stock
