Compass Share Price Falls 30% In First Three Months therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
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Real New York sues Compass agents for breach of contract
The brokerage is seeking $900,000 from its former agents; Compass is not named as a defendant
New York /
Two Compass agents are in hot water with their former brokerage.
Real New York is suing former agents Lyndsey Casagrande and Kenny Fung, alleging breach of contract and misappropriation of its confidential information, according to the complaint filed last week in a New York court.
The firm accuses its former agents of continuing to use leads and confidential information from its company files and data as they do business at Compass and soliciting Real New York’s clients to move with them.
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Softbank CEO Masayoshi Son and Compass CEO Robert Reffkin (Getty, Compass)
SoftBank has upped its stake in Compass, shelling out $72 million to buy stock in the newly public company.
The tech giant, already Compass’ largest shareholder, purchased 4 million shares on April 6 at $18 per share, bringing its total investment to 132.4 million shares, according to filings with the U.S. Securities and Exchange Commission. Sources said the transaction was made as part of Compass’ IPO. ade as part of the IPO.
On Friday, following a lackluster week of trading in which Compass’ stock dropped 15 percent, shares closed at $17.31. That values SoftBank’s stake around $2.3 billion, slightly lower than the $2.55 billion it was worth at the end of Compass’ first day of trading.
Compass S-1 IPO Filing Reveals $270M in 2020 Losses therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.