# Shareholder Sues Compass Over Backchannel Deal

> Shareholder claims Compass used backchannel tactics to bypass antitrust reviews for $1.6B real estate merger.
- Title: Shareholder Sues Compass Over Backchannel Deal · The Real Deal
- Summary: Shareholder claims Compass used backchannel tactics to bypass antitrust reviews for $1.6B real estate merger. A former Anywhere Real Estate shareholder sued…
- Keywords: anywhere real estate, compass, compass international holdings, robert reffkin, ryan schneider, mike davis, antitrust, merger, real estate, business, Shareholder, Sues
- Source: The Real Deal — https://therealdeal.com/national/2026/10/13/anywhere-shareholder-files-lawsuit-over-compass-deal
- Author: Jake Indursky
- Published: 2026-10-13T14:01:46+00:00
- Read time: 1 min
- Topics: anywhere real estate, compass, compass international holdings, robert reffkin, ryan schneider, mike davis, antitrust, merger, real estate, business
## Shareholder sues Compass
Philippe Magloire filed a lawsuit claiming Compass and Anywhere executives submitted misleading statements before the $1.6 billion acquisition closed in January.
## Backchannel claims
Magloire alleges Compass used a conservative lawyer to bypass regulatory approvals despite claims of making reasonable best efforts in the offering plan.
## Regulatory bypass
Compass hired Mike Davis to lobby the DOJ, skipping antitrust reviews despite concerns from Senators Warren and Wyden.
## Share price drop
Compass shares fell 28% after the lawsuit, closing at $9.19 on October 7, down from $13.19 on January 9.
## Key takeaway

A former Anywhere Real Estate shareholder sued Compass for allegedly using a conservative lawyer to bypass regulatory approvals in a $1.6 billion merger.