CoStar asks federal court to dismiss Xceligent lawsuit

Rival claims real estate-data giant violated antitrust laws

New York /
Aug.August 21, 2017 08:05 AM

CoStar Group filed a motion last week asking a federal judge to dismiss rival data company Xceligent’s antitrust lawsuit.

The Washington, D.C.-based firm filed a 27-page motion in the U.S. District Court for the Western District of Missouri arguing that Xceligent did not make an adequate case for a court judgment, Bisnow reported.

“Xceligent’s antitrust claims should be dismissed because Xceligent fails to plead facts sufficient to allege that CoStar blocks brokers from doing business with, or providing updates to, Xceligent,” the motion read.

On Monday, Xceligent filed a motion for judgement on a lawsuit the famously litigious CoStar filed in December, claiming Xceligent stole and resold CoStar’s proprietary content “on an industrial scale.”

CoStar had pledged to spend up to $20 million on the lawsuit to bury its smaller rival.

In response to the intellectual property case, Xceligent filed a 139-page counterclaim accusing CoStar of violating federal antitrust laws by preventing users from sharing data with competitors

The Missouri-based company is attempting to expand into CoStar’s biggest market: New York City. In May, it reached a deal to integrate its platform with leasing comp database CompStak. [Bisnow] – Rich Bockmann


Related Articles

arrow_forward_ios
Eric Gordon
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
Marcus & Millichap says it was the target of a cyber attack
Marcus & Millichap says it was the target of a cyber attack
Marcus & Millichap says it was the target of a cyber attack
Ribbon co-founders Shaival Shah and Wei Gan (Ribbon, iStock)
Homebuying startup Ribbon to take on Midwest, West Coast markets
Homebuying startup Ribbon to take on Midwest, West Coast markets
Deconstruct Podcast
Now streaming: the debut episode of Deconstruct, TRD’s new podcast
Now streaming: the debut episode of Deconstruct, TRD’s new podcast
Measurabl CEO Matt Ellis
Real estate sustainability platform Measurabl raises $50M in Series C round
Real estate sustainability platform Measurabl raises $50M in Series C round
Less than one year after launch, Pacaso is valued at $1.5B
Less than one year after launch, Pacaso is valued at $1.5B
Less than one year after launch, Pacaso is valued at $1.5B
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...