Antitrust Suit Claims Compass Pullback From StreetEasy Raised NYC Rents

Tribeca tenants blame $5K rents on nation's largest brokerage in new federal complaint

Two renters claim Compass has become a "real estate leviathan" with a monopoly on Manhattan listings that leads to rising rents. [ more › ]

Antitrust suit claims Compass pullback from StreetEasy raised NYC rents

Plaintiffs allege Compass reduced StreetEasy visibility via REBNY RLS settings, creating an artificial shortage and raising rents and fees.

Antitrust suit claims Compass pullback from StreetEasy raised NYC rents - Boston Real Estate Investors Association

Compass International Holdings is adding yet another antitrust claim to its growing legal and regulatory docket. On Wednesday, plaintiffs Peter Castaneda and Haley Gelfand, both New York City renters, filed an antitrust lawsuit against Compass in U.S. District Court for the Southern District of New York. The lawsuit alleges that through its acquisitions Compass International […] The post Antitrust suit claims Compass pullback from StreetEasy rai…

Compass Hit with Antitrust Lawsuit by NYC Renters

Two renters in New York City have filed an antitrust lawsuit against Compass (NYSE: COMP), accusing the brokerage of causing prices to rise by pulling its listings from Zillow (NASDAQ: Z) and its StreetEasy subsidiary.

NYC Renters File Class Action Suit Against Compass

Compass is back in the legal spotlight, this time as the defendant in a class action antitrust suit filed by New York City renters who allege the megabrand “monopolized” the New York metro market through its acquisition of Anywhere, and also restricted renters’ access to inventory by asking agents to divert listings off of Zillow’s… The post NYC Renters File Class Action Suit Against Compass appeared first on RISMedia.

NYC renters sue Compass over alleged monopoly, inflated rents

The antitrust lawsuit claims that the brokerage’s outsized market share in the city and its push to remove listings from portals has caused rents to surge.