'Zillow, MLSs Reach Settlement In ShowingTime Lawsuit; The Home Search Giant Filed A Lawsuit Last December Over The Removal Of Its Showing Platform In The ARMLS And Metro MLS Regions' - Real Estate News
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Zillow Group has reached a settlement with Arizona Regional Multiple Listing Service (ARMLS), Wisconsin's Metro Multiple Listing Service, and MLS Aligned regarding the ShowingTime lawsuit. The lawsuit, filed by Zillow in December, alleged that the removal of ShowingTime in favor of Aligned Showings created a monopoly. The settlement is expected to be finalized in about a month.
June 14, 2024 | 7:14 pm
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Zillow Group has reached a settlement with ARMLS, Metro MLS, and MLS Aligned regarding the ShowingTime lawsuit. The lawsuit alleged that the removal of ShowingTime created a monopoly. The settlement is expected to be finalized in about a month.
The settlement resolves a significant legal dispute for Zillow, potentially removing a cloud of uncertainty over the company's operations and allowing it to focus on its core business. This could positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Zillow Group has reached a settlement with ARMLS, Metro MLS, and MLS Aligned regarding the ShowingTime lawsuit. The lawsuit alleged that the removal of ShowingTime created a monopoly. The settlement is expected to be finalized in about a month.
The settlement resolves a significant legal dispute for Zillow, potentially removing a cloud of uncertainty over the company's operations and allowing it to focus on its core business. This could positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100