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Investigations

Goldman Scarlato & Penny Partner Nominated For American Antitrust Institute Award

Earlier today, the American Antitrust Institute (AAI) announced its selection of leading legal practitioners and economists to be recognized at the AAI 2015 Antitrust Enforcement Awards.

Goldman Scarlato & Penny partner Brian D. Penny was named a finalist for the award of Outstanding Antitrust Litigation Achievement by a Young Lawyer. Mr. Penny received this honor in connection with his success as co-lead counsel in litigating Allen et al v. Realcomp II Ltd., et al.

The Realcomp class action involved claims that consumers seeking to sell their homes in the Detroit area were harmed when traditional real estate brokers in the region conspired with the multi-listing service in the Southeastern Michigan real estate market to restrain the ability of “innovative” brokers from competing for listings and sales. Mr. Penny helped navigate the litigation through contentious legal and economic issues, achieving certification of a litigation class along the way to negotiating a settlement that achieved substantial relief for the class.

The award for the nation’s Outstanding Antitrust Litigation Achievement by a Young Lawyer will be presented at a reception following the AAI’s annual Private Antitrust Enforcement Conference in Washington, D.C. on November 18, 2015.

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.

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