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Compass Faces Yet Another Suit Regarding Recruiting Tactics

The lawsuits against Compass just keep rolling in.
New Jersey-based Christie’s International Real Estate is the latest to accuse Compass of gaining access to trade secrets through the recruitment of former Christie’s team leader Maryanne Elsaesser and her three team members Mathew Chapman, Rhonda Battifarano and Michele Kowal, according to a
“This is a case about former Christie’s independent contractors who violated their contractual obligations owed to Christie’s, with the tortious assistance and unlawful encouragement of their new broker Compass,” the May 4 filing with the Superior Court of New Jersey read.
Christie’s claimed Elsaesser encouraged her agents to violate non-disclosure, non-competition, and non-solicitation agreements in March 2021, as she brokered a move to Compass. Before her resignation in April, Elsaesser arranged for Chapman, Battifatano and Kowal to join her at Compass and allegedly began to solicit other Christie’s employees an ....

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Compass Readies For First Earnings Report After A Turbulent Month

Inman Connect
Since its inception in 2012, Compass has ruffled feathers within the real estate industry. First for its impressive seed funding round lineup that included investing giants, such as Goldman Sachs, as key backers, and then from there, CEO Robert Reffkin shook things up once again with rapid-fire market expansions, a slew of multi-million dollar funding rounds, strategic acquisitions and bold (sometimes controversial) recruiting tactics to bring the industry’s best to Compass.
All of those moves stoked rumors about an eventual initial public offering (IPO) that finally came to fruition on April 1. However, the company cut its offering a day before going live on New York Stock Exchange a decision that some analysts and industry members took as a sign that the proof may indeed not be in the pudding. ....

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Compass Faces Another 'Theft Of Trade Secrets' Lawsuit

Pennsylvania-based Better Homes and Gardens Real Estate affiliate Valley Partners Real Estate (VPRE) has added Compass as a defendant in its April 1 civil suit against former VPRE shareholder, managing partner and commercial division head Carl Billera for violating non-disclosure, non-competition, and non-solicitation covenants.
In March 2019, Billera relinquished his rights as a shareholder and received an initial $100,000 stock redemption payout in accordance with his shareholder’s agreement. Billera stayed with VPRE as an agent and commercial division leader and agreed to follow the covenants until a second and final $35,000 payout scheduled for March 6, 2021.
However, VPRE said Billera broke non-disclosure, non-competition, and non-solicitation covenants starting in April 2019 when he began fielding partnerships with competitors Main Street Commercial Realty and Compass Real Estate. MSCR declined Billera’s proposal, but Compass agreed to establish a Lehigh Valley-b ....

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