Compass Appoints Antitrust Expert Ethan Glass Chief Legal Officer
Compass Appoints Antitrust Expert Ethan Glass Chief Legal Officer

Compass Appoints Antitrust Expert Ethan Glass Chief Legal Officer

News summary

Compass Inc. has appointed Ethan Glass, a seasoned antitrust litigator with extensive experience at the Department of Justice and Cooley LLP, as its new Chief Legal Officer, signaling a strategic focus on challenging restrictive practices in the real estate industry. Glass, who played a key role representing Compass in its lawsuit against Northwest MLS and previously represented the National Association of Realtors in high-profile antitrust cases, will lead efforts to oppose limitations imposed by MLSs and platforms like Zillow on how agents market listings. This leadership change coincides with the planned departure of Compass's General Counsel Brad Serwin at the end of 2025, who will continue consulting the company into 2026 to ensure a smooth transition. Compass's CEO Robert Reffkin emphasized that Glass's appointment underscores the company's commitment to empowering agents and defending seller choice against anticompetitive restrictions. The move aligns with Compass's recent strong financial performance and stock gains, despite ongoing profitability challenges, reflecting investor confidence in the company's growth potential and strategic direction. Analysts currently maintain a Hold rating on Compass stock, noting positive technical indicators and earnings sentiment balanced against valuation and profitability concerns.

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