Connecticut Attorney General William Tong, along with attorneys general from Arizona, New York, Virginia, Washington, and the FTC, sued Zillow and Redfin for an anticompetitive agreement where Zillow paid Redfin $100 million to exit the multifamily rental listing market. The complaint alleges violations of the Sherman Act and Clayton Act, claiming the agreement reduces competition and could lead to higher rents.
In-house legal teams should review contracts for antitrust risks, including exclusive dealing arrangements, non-compete clauses, market division agreements, and any provisions that could restrict competition. Specifically, check for agreements where one party pays another to exit a market or become an exclusive provider, as such practices may violate Sherman Act Section 1 and Clayton Act Section 7.
Entity
Zillow and Redfin
Also known as: Zillow; Redfin
Industry
Real EstateOfficial Press Release
https://portal.ct.gov/ag/press-releases/2025-press-releases/tong-sues-zillow-and-redfin-for-anticompetitive-agreement-that-could-make-rent-prices-even-higher
9c64ec31 26b8 4d1a a3b4 97f76ac5268f.pdf?rdr=true
https://files.constantcontact.com/d3e83e11901/9c64ec31-26b8-4d1a-a3b4-97f76ac5268f.pdf?rdr=true
Connecticut Attorney General Enforcement Page
https://portal.ct.gov/AG/Privacy/Privacy-Resources
"Zillow and Redfin"
"Section 1 of the Sherman Act, 15 U.S.C. § 1"
"Section 7 of the Clayton Act, 15 U.S.C. § 18"
"Zillow paid Redfin $100 million to exit the ILS market for multifamily properties."
$2.0M
Attorney General Tong and a coalition of four other states and the FTC sued Zillow and Redfin after Zillow paid Redfin $100 million to shut down its multifamily rental advertising business and transfer clients to Zillow. The settlement requires the companies to restore competition, with Redfin rebuilding its apartment advertising business, and pay $2 million to the coalition.
Attorney General William Tong sent a letter to the Connecticut Insurance Department urging rejection of double-digit rate increases sought by Anthem, ConnectiCare, and UnitedHealthcare for individual and small group health insurance plans covering about 220,000 people. The letter argues the rates exceed inflationary measures and criticizes the carriers for failing to control costs and for poor claims system management, particularly ConnectiCare's transition to Molina Healthcare.
$275K
Connecticut Attorney General William Tong announced a $275,000 settlement with TaxAct, an online tax preparation company, over allegations that between January 2018 and December 2022, TaxAct improperly disclosed detailed customer financial information to Meta and Google through third-party tracking technologies without notifying taxpayers. The settlement requires TaxAct to pay $275,000 and implement new third-party tracking compliance measures, including a review committee, written policies, a tag monitoring system, and two independent third-party audits.
$4.0M
Connecticut Attorney General William Tong and the Federal Trade Commission announced a $4 million settlement with Manchester City Nissan (Chase Nissan LLC) resolving allegations that the dealership double-charged for 'certified pre-owned' vehicles and collected unauthorized junk fees. The settlement requires payment for consumer redress, prohibits misrepresentations, mandates clear disclosure of the maximum total price, and requires express informed consent for all charges.
Attorney General Tong and a coalition of 21 attorneys general and Pennsylvania filed lawsuits against the U.S. Department of Transportation, FMCSA, and DHS to block demands for the personal information of 17 million CDL drivers. The lawsuits allege violations of federal privacy laws and the Administrative Procedure Act, and seek an emergency order to prevent the data transfer.
Attorney General William Tong and a coalition of 10 attorneys general filed a lawsuit challenging a new OCC rule that preempts state laws requiring national banks to pay interest on homeowners' mortgage escrow accounts. The lawsuit argues the OCC ignored federal court decisions and bypassed safeguards, and seeks to block the rule.