The U.S. Court of Appeals for the Ninth Circuit ruled a startup real estate broker failed to prove its anticompetitive conspiracy allegations in an antitrust lawsuit naming the National Association of Realtors and Zillow Group Inc. as defendants.
Boies Schiller Flexner represented REX Real Estate Exchange Inc. and accused NAR and Zillow of harming REX’s online visibility with an agreement to restrain trade in violation of the Sherman Act, but a three-judge panel of the Ninth Circuit found no supporting evidence.
“Thus, REX cannot prove that Zillow and NAR committed to a common, anti-competitive scheme and the district court correctly granted summary judgment,” Judges Sidney R. Thomas, Daniel A. Bress and Ana de Alba ruled in an unpublished opinion filed Monday.