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US federal judge enters injunction against The Estates LLC in bid-rigging case

( June 2, 2022, 22:31 GMT | Official Statement) -- MLex Summary: A US federal judge entered a judgement enjoining certain conduct by The Estates LLC in a case over illegal bid-rigging for foreclosure properties in North Carolina. “For the most part, the plaintiffs’ proposed injunctive relief is appropriate and will be granted. Prohibiting the defendants from continuing to operate the core aspects of their bid-rigging scheme will terminate the defendants’ illegal antitrust acts, ensure their antitrust violations do not recur, and serve the public’s broader interest in protecting competition. As for the injunctive relief aimed at the defendants’ ill-gotten gains, injunctive relief is appropriate to eliminate the consequences of the defendants’ unlawful conduct,” District Judge Catherine C. Eagles concluded. See document below. ...

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