12/29/2011 - Century 21 Franchisee Litigation
A class of Century 21 franchisees brought suit against Century 21 and Cendant, claiming they failed to provide Century 21 franchisees with agreed-upon support and advertising services. Plaintiffs’ expert claimed that class members suffered damages from the alleged misconduct of more than $100 million due to alleged reductions in the commissions earned by class members’ agents. Compass Lexecon’s President, Professor Daniel Fischel, was retained by Joseph Sacca and Jim Brown at Skadden, Arps, Slate, Meagher & Flom LLP on behalf of Century 21 and Cendant to analyze the alleged damages, and Professor Fischel filed a report responding to plaintiffs’ expert. Century 21 and Cendant settled with plaintiffs on favorable terms following the submittal of Professor Fischel’s report. Professor Fischel was supported by a team headed up by Vince Warther and Tom Stemwedel in our Chicago office.