Law Offices of Frank R. Cruz Encourages Compass, Inc. (COMP) Shareholders To Inquire About Securities Fraud Class Action
Law Offices of Frank R. Cruz Encourages Compass, Inc. (COMP) Shareholders To Inquire About Securities Fraud Class Action
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired Compass, Inc. (“Compass” or the “Company”) (NYSE: COMP) common stock between January 9, 2026 and October 7, 2026, inclusive (the “Class Period”). Compass, Inc. investors have until December 8, 2026 to file a lead plaintiff motion.
Law Offices of Frank R. Cruz Encourages Compass, Inc. (COMP) Shareholders To Inquire About Securities Fraud Class Action
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IF YOU SUFFERED A LOSS ON YOUR COMPASS, INC. (COMP) INVESTMENTS, CLICK HERE TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT.
You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at info@frankcruzlaw.com, by telephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com.
What Happened?
On January 9, 2026, Compass officially acquired and merged with Anywhere Real Estate.
Then, on February 19, 2026, eighteen members of Congress sent a letter to then-Attorney General Pamela Bondi, requesting information regarding the Department of Justice’s review of the merger and criticizing the “deeply disturbing” “fact pattern reported in the Compass-Anywhere deal” regarding paid-for “access to high-level Trump Administration DOJ officials[.]”
Then, in June 2026, the New York State Attorney General confirmed the existence of an antitrust investigation into Compass regarding the merger.
Following these events, the price of Compass stock traded as low as $9.19 per share, a decline of over 28% from the approximately $12.84 share price on the exchange date for the merger.
What Is The Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (i) Compass and Anywhere failed to “use their respective reasonable best efforts to obtain [] authorizations and consents” from “certain regulatory authorities” and “to take, or cause to be taken, all appropriate actions and . . . all things necessary, proper or advisable under applicable law (including any antitrust laws) to consummate and make effective the merger at the earliest practicable date”; and (ii) Compass was not in “compliance with applicable laws,” with “the absence of governmental investigations and the possession of and compliance with licenses and permits necessary for the conduct of business.”; (iii) instead, Defendants hired a well-connected lobbyist and lawyer to obtain access to high-level Department of Justice officials to circumvent the antitrust merger review process; and (iv) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us To Participate or Learn More:
If you purchased Compass common stock, wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please click HERE or contact us at:
Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, CA 90067
Telephone: 310-914-5007
Email: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Contacts
Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, CA 90067
Telephone: 310-914-5007
Email: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com
