realestate

Anywhere Faces Three Lawsuits Over Compass Merger

Complaints allege Anywhere's merger docs lack financial disclosures; Compass added details to avoid delays.

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llustration by Real Estate News/Shutterstock

    A 8‑K filed with the SEC on Dec. 29 reports that three plaintiffs—McDaniels, Marino, and Drulias—have sued Anywhere Real Estate over the proposed Compass‑Anywhere merger. The suits, filed in the New York Supreme Court and the New Jersey Superior Court, allege that Anywhere failed to give full, accurate financial disclosures in the joint proxy statement/prospectus released earlier this month. Real Estate News is seeking the court filings for further detail.

    Both Compass and Anywhere deny the allegations, but the 8‑K includes a supplemental disclosure to the original proxy statement aimed at preventing a merger delay. The update, due before the deal’s expected completion in the second half of 2026, explains the cash‑flow and future‑share‑price calculations.

    The $1.6 billion acquisition would make the combined firm the world’s largest brokerage. The deal has attracted scrutiny from two U.S. senators, who sent a letter to the DOJ expressing concerns about potential effects on the industry and consumers. Last week, The Capitol Forum released a report suggesting the merger could breach antitrust rules, citing the companies’ combined market share in several major metros.

    The supplemental disclosure, aimed at avoiding merger delays, expands on cash‑flow projections and future share‑price estimates. The Capitol Forum report highlights antitrust concerns due to the firms’ combined presence in key metropolitan markets.

Anywhere sued over Compass merger by three plaintiffs.