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

Reuters

Feb 07

US judge rejects Compass bid for injunction over <a href="https://laohu8.com/S/Z">Zillow</a> online home listings

NEW YORK, Feb 6 (Reuters) - A federal judge on Friday rejected a bid by Compass COMP.N, the largest U.S. residential real estate brokerage, for an injunction requiring Zillow ZG.O 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 RKT.N 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)

((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters Messaging: jon.stempel.thomsonreuters.com@reuters.net/))

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