GREENWOOD VILLAGE, CO. and CHARLOTTE, N.C., - December 3, 2004 - RE/MAX International, Inc. and LendingTree, Inc. announced today an amicable resolution of a trademark infringement lawsuit brought by RE/MAX International against LendingTree. The terms of the settlement are confidential.
Dave Liniger, Chairman of RE/MAX International, Inc., said, "We place the highest priority on protecting our trademarks and the valuable goodwill that comes with those marks for the benefit of all of our brokers and agents in the RE/MAX network. We are pleased that we were able to achieve those objectives and at the same time resolve this case with LendingTree in a way which allows both parties to avoid the continuing cost and distraction of litigation."
LendingTree opposed RE/MAX International's claims in the litigation that it improperly used RE/MAX’s trademarks to describe members of its realty services network and denies that it engaged in any wrongdoing. Doug Lebda, CEO of LendingTree, Inc., said, "LendingTree believes that it has always conducted itself properly and has entered into this settlement in order to avoid the continuing cost of litigation. We are pleased to put this litigation behind us."
For more information about RE/MAX International, Inc., please go to remax.com.
For more information about LendingTree, Inc., please go to lendingtree.com.