tiprankstipranks
Compass Settles Class Action Litigation for $57.5 Million
Company Announcements

Compass Settles Class Action Litigation for $57.5 Million

Don't Miss our Black Friday Offers:

The latest update is out from Compass (COMP).

Compass, Inc. has agreed to a $57.5 million settlement to resolve nationwide class action litigations, without admitting liability. This settlement, which is pending court approval, will not materially impact the company’s future operations but does include changes to the company’s business practices, such as clearer commission disclosures and prohibition of sorting listings by compensation. The first half of the settlement amount is due within 30 days of preliminary court approval, expected in the second quarter of 2024, with the remainder due within a year.

For an in-depth examination of COMP stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyRoku, Robinhood upgraded: Wall Street’s top analyst calls
TheFlyRedfin downgraded to Sell from Neutral at Goldman Sachs
TheFlyCompass price target raised to $5.50 from $4.50 at Deutsche Bank
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App