Compass Seeks Arbitration to Mend Fences With Realogy

December 3, 2019

Compass has asked a New York judge to allow it to settle a lawsuit from Realogy over allegations of price fixing and theft of confidential information from rivals outside of a courtroom and through arbitration, as reported by The Real Deal.

On Nov. 25, Compass filed a motion asking for arbitration to settle the five-month-long legal dispute. The firm says the majority of Realogy’s accusations pertain to the Corcoran Group, which is a New York City–based subsidiary. Also, Compass and Corcoran are members of the Real Estate Board of New York. That’s notable because REBNY rules require members to settle disputes via arbitration.

“Plaintiffs have used this case … as an instrument in a public relations campaign targeting Compass,” the court filing said. “Unfortunately, however, Plaintiffs here have presented the Court with a dog’s breakfast of a complaint. They have sought to cobble together a variety of unrelated and isolated grievances, some of which bear little direct relation to Corcoran’s claims.”

Realogy filed a lawsuit in July in the New York Supreme Court. It accused Compass of unfair and illegal business practices to beat their competition. Compass has denied wrongdoing and called the lawsuit an “act of desperation” and an attempt to stifle the competition.

Realogy has not commented publicly on the arbitration request. Read Realogy’s full complaint against Compass that it filed in July. 

Source: 
Compass to Realogy: You Can’t Sue Us,” The Real Deal (Nov. 27, 2019)