Independence, Missouri — Humphrey, Farrington & McClain is proud to announce settlement of lawsuits filed in 14 states against Keller Williams Realty, addressing serious allegations regarding changes to the company’s profit-sharing program that threatened to effectively deprive former agents of profit-sharing distributions that were owed.
Humphrey, Farrington & McClain attorneys Ken McClain, Kevin Stanley, and Jonathan Soper obtained the settlement, which resolves claims alleging that the company unilaterally altered its profit-sharing model to punish vested agents who had since left the company. Many such agents reported that these changes threatened to not only impact their current income, but also created uncertainty about their financial futures.
“We are pleased to have reached a resolution that validates the concerns raised by the agents,” said Ken McClain. “This settlement serves not only to prevent losses of former agents but also ensures that their profit-sharing distributions will not be targeted in the future” added Kevin Stanley.
Thanks to Humphrey, Farrington & McClain’s swift pursuit of the case, Keller Williams acted to reverse the cuts to profit sharing before they went into effect and had any negative impact on plan participants. Additionally, the company was required to contact agents who left the profit-sharing program based on the threatened changes and allow them the opportunity to re-enter the program.
Humphrey, Farrington & McClain remains dedicated to advocating for the rights of employees and independent contractors and has a proven track record of obtaining favorable verdicts and settlements in breach-of-contract claims such as this. HFM attorneys are dedicated to the success of our clients and have been trusted to handle contract disputes since 1978. This settlement reinforces our commitment to achieving justice for our clients.
