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Roughly 18 months after Realogy initially sued rival brokerage Compass, the latter is hitting back with a counter lawsuit, alleging that Realogy is “unable to compete with Compass in the marketplace,” and “its affiliated entities instead have sought to stop the bleeding by any means necessary including lying, stealing, and cheating.”
The 77-page complaint, which was filed Thursday in New York State Supreme Court says the modernization of the real estate industry poses an “existential threat” to Realogy, the nation’s largest real estate holding company.
“Proven unable to compete with Compass in the marketplace, Realogy and its affiliated entities instead have sought to stop the bleeding by any means necessary including lying, stealing, and cheating,” the complaint read. “They have waged a war of disinformation by deliberately flooding the market with false information about Compass.”
Times Telegram
A resolution that would have ended litigation between the Village of Herkimer and the Herkimer County Industrial Development Agency over water rents at the H.M. Quackenbush property failed by a 3-to-2 vote at Monday’s village board meeting.
But Mayor Mark Netti said he is still hoping to find a way forward that the board will support.
“I don’t give up that easy,” he said during a telephone interview Tuesday.
Village Trustee Max Dhaniram and Netti voted in favor of the proposal to end the litigation while Trustees Ron Kopelman, Mark Ainsworth and Maria Fiorentino voted against it. Netti is hoping to see the matter settled so the proposed Herkimer 9 project can take over the building and restore it for a planned business incubator facility and museum.