Important Notice Regarding Alleged Regulatory Approval Misrepresentations in the Compass-Anywhere Merger. The lawsuit claims the offering materials promised “reasonable best efforts” through ordinary channels while Compass allegedly used a politically connected backchannel to senior DOJ officials.

NEW YORK, Oct. 28, 2026 /PRNewswire/ — Levi & Korsinsky, LLP notifies former shareholders of Anywhere Real Estate Inc. that a class action has been filed against Compass, Inc. (NYSE: COMP) on behalf of investors who acquired Compass common stock in exchange for their Anywhere shares in the January 2026 merger. Find out if you could qualify to recover your losses. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Roughly 162 million newly issued Compass shares were exchanged in a $4.2 billion all-stock deal. According to the lawsuit, those shares have since lost more than a quarter of their exchange-date value, and the real estate merger regulatory approval securities litigation alleges that former Anywhere holders received their stock under offering materials that misdescribed how Compass was pursuing antitrust clearance. Applications to serve as lead plaintiff must be filed by December 8, 2026.

The Alleged “Reasonable Best Efforts” Approval Methodology

The S-4 registration statement and prospectus stated that the companies would use “reasonable best efforts” to obtain regulatory consents, including by responding to any “second request for information” under the HSR Act. The complaint alleges that, while those assurances described an ordinary-course review, Compass had brought on a lawyer and lobbyist aligned with President Trump to seek access to senior Justice Department officials. Reporting cited in the action states that when the head of the Antitrust Division sought an extended review, Compass appealed above her to the office of the Deputy Attorney General, which agreed.

Key Real Estate Merger Regulatory Approval Allegations for Shareholders

• The offering materials allegedly portrayed an above-board HSR Act clearance process.
• The materials affirmed “compliance with applicable laws” and “the absence of governmental investigations,” which plaintiffs claim was materially incomplete.
• The deal closed nearly six months ahead of its “second half of 2026” target, an acceleration the lawsuit contends flowed from the alleged bypass.
• A congressional letter and a New York Attorney General antitrust investigation followed the closing, as alleged.

The Antitrust Concentration Factor

Reporting cited in the complaint noted that 2023 government guidelines presume mergers conferring more than 30% of a market to be illegal, and that the combined firm, uniting approximately 340,000 real estate professionals, would exceed that share in metro areas including Chicago, New York, and San Francisco. A DOJ spokesperson reportedly said nothing precludes future enforcement if anticompetitive effects are found.

“This case presents important questions about regulatory approval disclosure obligations in the residential real estate sector. The complaint alleges that former Anywhere shareholders exchanged their stock relying on materials that described an ordinary review process, while a very different approach was allegedly underway.” — Joseph E. Levi, Esq.

Submit your information here or call (212) 363-7500.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

Frequently Asked Questions About the COMP Lawsuit

Q: Who is eligible to join the COMP investor lawsuit? A: Former Anywhere Real Estate Inc. shareholders who acquired COMP stock in exchange for their Anywhere shares in the January 2026 merger and suffered financial losses may be eligible. Eligibility is based on acquisition in the merger exchange and documented losses — not on whether you still hold the shares.

Q: What specific misstatements does the COMP lawsuit allege? A: The complaint alleges Compass, Inc. made materially false or misleading statements in the merger offering materials regarding its “reasonable best efforts” to obtain regulatory approval through ordinary channels and its compliance with applicable laws. When reports of an alleged backchannel to senior DOJ officials, subsequent congressional scrutiny, and a New York Attorney General antitrust investigation were disclosed, the stock price declined sharply.

Q: What court was the COMP class action filed in? A: The case was filed in the United States District Court for the Southern District of New York.

Q: What do COMP investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.

Q: What happens after I contact Levi & Korsinsky? A: An attorney will review your trading history at no cost and provide an initial assessment of your potential eligibility.

Q: What if I already sold my COMP shares — can I still recover losses? A: Yes. Eligibility is based on when you acquired your shares, not whether you still hold them. Former Anywhere shareholders who received COMP stock in the merger exchange and sold at a loss may still be eligible to participate.

Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in the securities class action, they are generally handled on a contingency basis, with any attorneys’ fees and expenses subject to court approval.

Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171

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