An antitrust lawsuit has been filed in federal court in Manhattan against Zillow Inc., accusing the online real estate marketplace of maintaining an unlawful monopoly in the residential data listing market. The suit, led by counsel for Compass Inc., claims that Zillow’s policies could have detrimental effects on market competition, alleging that the company has willfully maintained and abused its monopoly power by adopting anticompetitive and exclusionary policies in violation of Section 2 of the Sherman Act.
The focus of the complaint is the so-called “Zillow Ban,” which Compass Inc. contends harms the competitive landscape of the real estate online search services market. The lawsuit is expected to scrutinize the legality and impact of Zillow’s business practices on market competition and whether they represent a breach of antitrust laws.
For further information on this developing legal matter, read the original article on Law.com.