A California federal judge on Thursday dismissed antitrust claims against commercial real estate information services company CoStar Group Inc, in a feud with an industry rival platform that alleged it was unlawfully boxed out of competition.
US District Judge Consuelo Marshall in Los Angeles found CoStar’s commercial real estate listing practices and contracting terms were not anticompetitive and that allegations in the case failed to show the company held monopoly power.
Read more: CoStar Sweetens Offer For CoreLogic
The order addressed counterclaims against CoStar in its intellectual property lawsuit against rival Commercial Real Estate Exchange Inc (CREXi).
Washington, D.C.-based CoStar in a statement said CREXi’s “competition claims were long on bombastic hyperbole, but utterly devoid of substance.”
CoStar’s lawsuit alleged CREXi was attempting to use stolen content from CoStar and unauthorized use of its services to build a competing platform.
Featured News
CVS Health Explores Potential Breakup Amid Investor Pressure: Report
Oct 3, 2024 by
CPI
DirecTV Acquires Dish TV, Creating 20 Million-Subscriber Powerhouse
Oct 3, 2024 by
CPI
South Korea Fines Kakao Mobility $54.8 Million for Anti-Competitive Practices
Oct 3, 2024 by
CPI
Google Offers Settlement in India’s Antitrust Case Regarding Smart TVs
Oct 3, 2024 by
CPI
Attorney Challenges NCAA’s $2.78 Billion Settlement in Landmark Antitrust Cases
Oct 3, 2024 by
nhoch@pymnts.com
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
Erik Hovenkamp
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
Ramsi Woodcock
The Aspen Misadventure
Sep 27, 2024 by
Roger Blair & Holly P. Stidham
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
Timothy Hsieh