The Business of Middle East Superyachting

Tag: Ya Mon v IYBA

  • Federal Judge Dismisses Proposed Class Action Lawsuit Against US Yacht Brokers

    Federal Judge Dismisses Proposed Class Action Lawsuit Against US Yacht Brokers

    Case: YA MON EXPEDITIONS, LLC v. INTERNATIONAL YACHT BROKER’S Unlike the class action lawsuit that caused a paradigm shift for real estate brokers, the proposed fight against the International Yacht Brokers Association, Yacht World, Northrop & Johnson, and other brokers over the alleged anti-competitive commission fee practices will not be moving forward. On Tuesday, January…

  • Commission fees become the topic of law in new US class action lawsuit 

    Commission fees become the topic of law in new US class action lawsuit 

    [YA MON EXPEDITIONS, LLC v. INTERNATIONAL YACHT BROKERS ASSOCIATION, INC. et al] In a class action lawsuit, Wyoming-based boat dealership Ya Mon Expedtions LLC claims that several large yacht brokerages are in violation of the Sherman Antitrust Act with the inflation of brokerage commissions in recent boat sales In the 31-page lawsuit, the dealership alleges…