On Taylor v. Zillow Buyer Leads Lawsuit
Scary opponents, but are the claims warranted?
I was planning on writing on Taylor v. Zillow, the class action lawsuit that was filed on Friday the 19th… then the Compass+Anywhere news dropped. Like I said in that post, this is the week when decades happen.
I have now reviewed the Complaint and… well… to be frank, if this were filed by some local ambulance chaser, I think I would dismiss it out of hand. But this lawsuit was not filed by a local ambulance chaser. It was filed by Cohen Milstein and Hagens Berman, the mega class action plaintiff firms behind Moehrl v. NAR and Sitzer v. NAR and others. They are some of the best lawyers in the world, and they have the resources to throw at a major class action lawsuit.
I assume that firms like that do not just go on fishing expeditions or file a case they do not believe they could and would win… or at least get a substantial settlement. These are the guys who beat the living daylights out of some of the best antitrust litigators in the country who represented NAR, Anywhere, RE/MAX, Keller Williams and dozens of other major companies.
So I do think this lawsuit is worth looking at in some detail, assess its merits, and consider implications. Because the implications, if Cohen Milstein and Hagens Berman are successful, are enormous. They go far far beyond Zillow.
Let’s get into it. As always none of this is legal advice; please consult your own attorney for that. This is edutainment and analysis from the industry perspective.