The settlement order contained no finding or admission of wrongdoing by Coldwell Banker, however, likely due to the considerable expense and time it takes to defend a class action lawsuit, Coldwell Banker agreed to pay the sum of $ 4,500,000 which was distributed among the certified class members. (nar.realtor)
Matt Traub, a spokesman for IAC, confirmed the suit was settled without admission of wrongdoing. (buzzfeed.com)
«While not every case will be appropriate for admissions of wrongdoing, the SEC required JPMorgan to admit the facts in the SEC's order — and acknowledge that it broke the law — because JPMorgan's egregious breakdowns in controls and governance put its millions of shareholders at risk and resulted in inaccurate public filings.» (cnbc.com)