Categories: Business

US judge rejects Compass bid for injunction over Zillow online home listings

Published by TSG Syndication

NEW YORK, Feb 6 (Reuters) - A federal judge on Friday rejected a bid by Compass, the largest U.S. residential real estate brokerage, for an injunction requiring Zillow to list more homes on its real estate platforms. Compass had accused Zillow, the largest U.S. online real estate portal, of violating antitrust law by refusing to list homes that brokers had previously marketed privately, and conspiring with Redfin to keep homes off that brokerage's platform. In a 50-page decision, U.S. District Judge Jeannette Vargas in Manhattan said Compass failed to show direct evidence of an anticompetitive agreement between Zillow and Redfin. She also found no "clear showing" that Zillow monopolizes online home listings, even assuming its market share is as much as 66%.  (Reporting by Jonathan Stempel in New York; Editing by David Holmes) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
TSG Syndication
Published by TSG Syndication