CoStar asks federal court to dismiss Xceligent lawsuit
Rival claims real estate-data giant violated antitrust laws
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