Court Hearing Postponed

Received from Ken Good, president of TRA.
As many or most may have heard by now, Judge Reggie Walton's office contacted TRA/NAR legal counsel Marty Malsch at about Noon on July 26, to notify him that the hearing of July 27 was canceled, and the court would get back to him on rescheduling. No further information was provided, and it is not always expected that the staff person who called would be able to do so.
Mark Bundick and I were already in transit to Washington when Marty was able to get in touch to let us know. We therefore met with Marty for a dinner meeting, in which we discussed what this may mean and also future strategic steps we may take, depending on the outcome of the case. In brief, Marty could not say for sure why the judge canceled, although it is possible that he recognized that this status hearing (for which date he had previously expressed that he would be able to render the court opinion on the cross motions for summary judgement) was not required, and he has enough documentation to rule from the bench in the very near future. This is speculation on our part at the moment, but Marty (after conferring with our senior counsel, Joe Egan) did express that this could be a positive sign. In any case, Marty's best assessment was that he did not expect the judge to delay for very long whatever he was going to do, whether it is to reschedule a hearing for oral arguments or issue rulings.
I know we were all waiting in great anticipation of an outcome on July 27 or shortly thereafter, and believe me, Mark Bundick and I share everyone's frustration that this has not yet occurred. As soon as we receive any further information from the court, I will pass it along to the membership.
Ken Good