Compass has asked a federal court in Manhattan to dismiss an amended antitrust complaint alleging that its acquisitions created a monopoly and that pulling its rental listings from StreetEasy in August raised rents and broker fees, HousingWire reported. Compass argues the plaintiffs confuse the sales and rental markets, that it does not own rentals or set rents, and that New York's FARE Act explains the drop in visible rental inventory. It is seeking dismissal with prejudice and a stay of discovery, and the plaintiff's response is due Dec. 8.
Why it matters
The case bears on where New York City rental listings are distributed, which affects marketing reach for owners and brokers there.
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