Purplebricks’ launch in New York

Olshan advised Purplebricks with their expansion into New York including issues relating to online real estate brokerage and compliance with advertising laws.

British online estate agent Purplebricks Group Plc (PURP.L) entered in New York market expanding further in the United States after having built a leading position in a fragmented industry at home.

Purplebricks Group Plc provides web-based real estate services. The Company, led by Michael Bruce, James Davies and Lee Wainwright, offers property search, reviews, valuation, consulting, and listings services. In 2017 the company recorded £46.7 Million sales.

Olshan advised with a team including Thomas Kearns (Picture) and Advertising partner Scott Shaffer.

Involved fees earner: Thomas Kearns – Olshan Frome Wolosky LLP; Scott Shaffer – Olshan Frome Wolosky LLP;

Law Firms: Olshan Frome Wolosky LLP;

Clients: Purplebricks;

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Author: Ambrogio Visconti