Realogy Faces Investor Suit Over Alleged Antitrust Scheme

Real estate giant Realogy Holdings Corp. misled investors about a scheme to get sellers to pay inflated commissions, a July 11 suit said.

This allegedly anticompetitive behavior led to a federal investigation and a stock drop, the complaint filed in the U.S. District Court for the District of New Jersey said.

Consumers filed their first antitrust class action against the company in March. The Justice Department opened an investigation into the alleged scheme in May.

Realogy’s share price fell $0.21—about 1.7%—when the class action was filed in March, the investors said. The company’s shares fell an additional $0.71—more than 9%—after ...