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Stock impact report

Compass (COMP) Surges 9% on Lawsuit Withdrawal [Yahoo! Finance]

Compass, Inc. Class A (COMP) 
Company Research Source: Yahoo! Finance
Compass saw its share prices jump by 9.01 percent on Monday to close at $8.47 apiece, as investors mirrored a broader market optimism, while cheering its resolution of a legal case with Zillow in relation to the latter's marketing ban. In a statement last week, Compass Inc. (NYSE:COMP) said that it officially withdrew its lawsuit against Zillow following the latter's announcement that it will no longer ban homesellers and their real estate brokers from publicly marketing a listing on the Compass family of websites or Redfin.com before marketing on Zillow. Compass (COMP) Surges 9% on Lawsuit Withdrawal “The end of the ‘Zillow Ban' is a major victory for homesellers and their real estate professionals. It ensures that homeowners have the freedom to decide when, where, and how to market their homes, and that real estate professionals can uphold their fiduciary duties to their clients without fear of being banned by Zillow,” Compass Inc. (NYSE:COMP) said. “With homesellers and th Show less Read more
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