Key facts
- The Tenth Circuit Court of Appeals upheld a lower court's dismissal of Homie Technologies' antitrust lawsuit.
- Homie Technologies sued the National Association of Realtors (NAR) and several brokerage firms.
- The Tenth Circuit found Homie failed to plausibly allege a conspiracy to exclude competitors.
- The Tenth Circuit found Homie's claims were untimely.
- Homebuyers filed a motion to voluntarily dismiss a lawsuit against Compass.
- The Compass lawsuit accused the company of unfair business practices related to a $475 transaction fee.
- The Compass lawsuit had sought class-action status.
The Tenth Circuit Court of Appeals has affirmed a district court's decision to dismiss an antitrust lawsuit brought by Homie Technologies. Homie had accused the National Association of Realtors (NAR) and several brokerage firms of engaging in anti-competitive practices. The appellate court found that Homie failed to plausibly allege a conspiracy among the defendants to exclude competitors from the market. Additionally, the court determined that Homie's claims were not filed within the appropriate timeframe, rendering them untimely.