The proposed marriage of two real estate giants is drawing fresh legal fire, as Compass merger Anywhere lawsuits emerge from shareholders who say critical information about the blockbuster deal was left in the dark.

Court papers disclosed in a Form 8-K filed Dec. 29 with the Securities and Exchange Commission reveal that at least three individuals have sued Anywhere Real Estate in connection with its planned merger with Compass.

Who Is Suing — and Where

According to the SEC filing, the lawsuits were filed in two courts across two states. Cases known as McDaniels and Marino landed in the Supreme Court of the State of New York, while a third case, Drulias, was filed in the Superior Court of New Jersey.

All three plaintiffs are described as “purported Anywhere stockholders,” the filing says.

What the Lawsuits Claim

At the heart of the complaints is an accusation that Anywhere failed to provide full and accurate disclosures tied to the proposed merger. The plaintiffs contend that the joint proxy statement and prospectus, released earlier this month, omitted or misstated information material to shareholders weighing the deal.

Industry publication Real Estate News said it is working to obtain the underlying court filings and plans to report further details once they are available.

Companies Push Back, Add Details

Compass and Anywhere have rejected the allegations, maintaining that the claims lack merit. Still, the SEC filing shows that the companies issued a supplement to the original proxy statement, adding new disclosures.

The move, the filing says, was made “in order to avoid the risk of delay” to the merger, which the companies expect to close in the second half of 2026.

The added disclosures expand on how cash flow projections and future share price analyses were calculated — key metrics often scrutinized in merger challenges.

A Deal Under a Microscope

The lawsuits are not the only clouds hovering over the $1.6 billion acquisition, which would forge what the companies tout as the world’s largest real estate brokerage.

Earlier this month, two U.S. senators sent a letter to the Department of Justice, urging regulators to examine how the merger could affect competition and consumers.

Adding to the scrutiny, The Capitol Forum, an investigative outlet focused on regulatory and antitrust issues, published a report last week warning that the Compass-Anywhere combination may violate antitrust laws due to the firms’ combined market share in several major metropolitan areas.

As the merger advances toward its planned closing, the lawsuits and regulatory questions threaten to act like crosswinds against a deal meant to reshape the real estate landscape.