"Announced in early April, Zillow's listing access standards policy bans listings from its site if they have been publicly advertised for more than one business day before being input into the MLS and made available for display on IDX and VOW websites. The two parties just concluded expedited discovery regarding Compass's motion for a preliminary injunction blocking Zillow from enforcing the policy. Earlier this month, Zillow requested additional discovery related to Compass's acquisition of Anywhere."
"According to Judge Jeannette A. Vargas, who is overseeing the suit in U.S. District Court in New York City, much of the requested discovery is too attenuated from the issues to be decided in connection with the pending preliminary injunction motion to justify reopening discovery. Despite these feelings, Judge Vargas wrote that she does believe certain discrete categories of documents are potentially relevant. These categories include disclosures Compass made to Anywhere regarding this lawsuit or the impact it anticipates Zillow's policy having"
Zillow implemented a listing access standards policy banning listings publicly advertised more than one business day before MLS input and IDX/VOW display. The parties completed expedited discovery on Compass's preliminary injunction to block enforcement of the policy. Zillow sought additional discovery tied to Compass's acquisition of Anywhere. Judge Jeannette A. Vargas found most requests attenuated but allowed three narrow document categories: acquisition disclosures about Zillow's standards; communications about current or expected impact on Compass's business and stock; and communications between Compass and Anywhere regarding the lawsuit. The judge denied an additional two-hour deposition of CEO Robert Reffkin. Zillow filed a court letter asserting a hearing is unnecessary based on evidence and testimony gathered during expedited discovery.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]