A long-standing legal dispute between property portal OnTheMarket and the Gascone Halman and Connells estate agencies has been settled.
OnTheMarket released a brief statement this morning (13 March), which read: “OnTheMarket.com property portal, is pleased to announce that an agreed out of court settlement has been concluded between Agents’ Mutual Limited and Gascoigne Halman Limited and Connells Limited.
“The agreement, the terms of which are confidential, ends all litigation proceedings between the parties.”
The news follows OnTheMarket’s CEO Ian Springnett departing the company earlier this week.
The board appointed Clive Beattie, chief financial officer, as acting chief executive officer. Korn Ferry, a leading executive search consultancy, has been appointed to conduct the formal recruitment process for a permanent replacement.