Plaintiff's Lawyers In Ya Mon Suit Say Yacht Brokers Are Worse Than Those Bad Old Realtors

GUEST POST: JUDGE ASKED NOT TO DISMISS CLASS-ACTION LITIGATION

YouTube is awash in videos explaining the changes in the way property is bought and sold in America after implementation of new procedures, as ordered by a federal judge. This is a typically hyperbolic treatment.

Foreword: This is the latest installment of our team coverage of the class action suit recently launched against key players in the U.S. yacht brokerage sector — referred to in shorthand as the “Ya Mon lawsuit”. Please pardon me for presuming to point out that, although this latest move in the pre-trial machinations has been a while in coming, it confirms a prediction made by For Yacht Builders, Buyers, and Owners (FYBBO) very early on in our coverage — namely, that the original filings, which incorporated several distinct theories that were all over the place, would eventually be boiled down to a concentration of alleged violations of Sherman Anti-Trust law and federal prohibitions against monopolistic undermining of competition and the restraint of fair trade. And keep in mind that you first read that prediction here, at a time when the mainstream marine-sector press was mostly ignoring the entire matter.

— Phil Friedman, FYBBO Editor and Publisher

The Latest Update from Peter Swanson, Loose Cannon:

All over the United States, prospective home buyers are learning there’s a new process for real estate transactions after realtors lost a huge lawsuit. The subsequent suit against America’s biggest yacht brokers has been derided as a opportunistic copycat of the original, but the folks doing the suing are doubling down on the idea.

Lawyers for the plaintiff in Ya Mon vs. Allied Marine et al. are saying that the inequities of the American yacht brokerage system are actually much worse than the objectionable past practices the real estate industry has been forced to leave behind.