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."
$29.6M
Attorney General Jennifer Davenport joined a coalition of 48 states and territories in a $29.6 million settlement with Glenmark, a generic drug manufacturer, for allegedly conspiring to artificially inflate and manipulate prices, reduce competition, and restrain trade for numerous generic prescription drugs. The settlement includes cooperation in ongoing litigations and internal reforms to ensure fair competition.
$29.6M
Attorney General William Tong led a coalition of 48 states and territories in a $29.6 million settlement with Glenmark, a generic drug manufacturer, to resolve allegations of a widespread conspiracy to artificially inflate prices, reduce competition, and unreasonably restrain trade for numerous generic prescription drugs. The settlement includes cooperation from Glenmark in ongoing multistate litigations and internal reforms to ensure fair competition and compliance with antitrust laws.
$18.0M
Attorney General William Tong led a coalition of 42 attorneys general in a settlement with the bankruptcy trustee for 23andMe, resolving allegations from a 2023 data breach that compromised the genetic data of 6.9 million customers. The settlement includes $150 million in allowed claims, with $18 million paid from bankruptcy funds, and requires enhanced data security measures for the new entity holding the data.
Attorney General William Tong joined a coalition of 12 attorneys general in suing to block the $110 billion acquisition of Warner Bros. Discovery, Inc. by Paramount Skydance Corporation. The lawsuit alleges the merger violates Section 7 of the Clayton Act by substantially lessening competition in theatrical film distribution and basic cable television licensing, which would harm consumers through higher prices and reduced quality.
Attorney General William Tong and 48 other attorneys general submitted comments to the FCC urging stronger rules to prevent scammers from accessing legitimate telephone numbers for illegal robocalls. The coalition is responding to the FCC's proposed rules and asks for measures such as stronger certification, reporting, and prohibitions on number cycling.
$45.0M
Attorney General Tong announced a $45 million multistate settlement with Block, Inc., the company behind Cash App, for misleading consumers about the safety of the platform, failing to protect users from fraud, and not providing promised fraud protection and resolution services. The settlement requires Block to implement major reforms including real customer support, transparent communications, and security commitments, and reaffirms Block's commitment to distribute between $75 million and $120 million to compensate consumers as part of a separate CFPB settlement.