Zillow lawsuit against Compass ends in a legal settlement

July 14, 2019
Share this Post: 

Zillow lawsuit accusing Compass of delibrately taking on three technology executives has come to an end

Zillow Group and Compass have buried the hatchet over allegations that the SoftBank-backed brokerage poached three technology executives from the listings giant.

The two companies — at odds since Zillow filed two separate lawsuits in April — said that they settled those cases, which were filed in federal and Washington state court. “The two companies have agreed to resolve their differences,” a Compass spokesperson said, “and look forward to working together to help the entire real estate ecosystem.”

The news of the settlement came within an hour of Compass being hit with a searing lawsuit from Realogy — the parent company of the Corcoran Group, Coldwell Banker and others — accusing it of predatory recruiting and poaching, as well as price fixing and collusion. In a statement, Compass, which is valued at $4.4 billion, accused Realogy of turning to the courts to try to stifle competition.

In the Zillow cases, Compass was accused of hiring three technology executives from Zillow for its West Coast campus in violation of their non-competes. The listing giant also said Compass sought access to proprietary information that would accelerate its ability to build out a technology platform. A spokesperson for Zillow said the settlement agreement with Compass allows both firms to operate “in a fair, competitive environment.”

Read more here

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.

899 Limited Tickets

July 14, 2019

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Zumper Movoto Deal
US Portal Operators OJO Labs and Zumper Sign Listings Deal

The US real estate portal operator OJO Labs has announced that it has signed a listings partnership deal with rental...

Read More
Women In Tech Rea And Zoopla
REA Group and Zoopla Backing Women in Tech Initiatives

Both leading Australian portal operator REA Group and British property portal Zoopla have today announced measures to back women in...

Read More
Alma Media House Symmetry
Alma Media Q3 Figures Show a Healthy Company as Stock Trades at Record High

Alma Media, the operator of Finland's two largest real estate marketplaces, has released figures from its Q3 that show record...

Read More
Ke Holdings Layoffs
KE Holdings Lays Off Staff As Chinese Market Cools

KE Holdings, the operator of China's largest real estate marketplace and brokerage Beike, has laid off workers in Shanghai according...

Read More

Popular News