Realogy Corp.

Parsippany, NJ: (Feb-23-07) Realogy Corp. settled a class action lawsuit that stemmed out of its buyout by a private equity firm. Apollo Management agreed in December 2006 to buy Realogy for $6.6 billion, plus assume $2.4 billion in debt and other liabilities. Realogy Corp., which owns Century 21 and Coldwell Banker real estate franchises, agreed to settle the lawsuit by paying Apollo $180 million as a termination fee, but denies any wrongdoing or liability as part of the agreement. Realogy also agreed to make additional disclosures in the proxy statement for the buyout, filed with the Securities and Exchange Commission. [BUSINESS WEEK: REALOGY SETTLEMENT]