Corcoran Group Sues Real Estate Tech Startup Company

March 25, 2015 — The stakes are high in the dog-eat-dog world of New York City real estate, and competition is fierce enough as it is. You still have to play by the rules, though; and according to the Corcoran Group, a reportedly well-funded real estate tech startup company isn't playing fair. According to the Daily News, the real estate behemoth says that startup Compass is "aggressively poaching its agents and stealing valuable information from its proprietary databases." Oh, yes. Corcoran is suing, saying Compass has "coordinated [a] multi-front assault of unfair competition on two of its most profitable offices over the last year." Corcoran also claims that "some of the defecting agents have hijacked its proprietary systems, including its 'Cadillac of listings databases.'" Both sides told the Daily News that they could not comment on ongoing litigation. Only in New York.