Friday morning, CoStar filed suit in federal court against CREXi, a Los Angeles-based company that operates an online commercial real estate marketplace, claiming "flagrant and widespread theft of CoStar's intellectual property."
The lawsuit, filed in U.S. District Court for the Central District of California, alleges six claims including copyright infringement, misappropriation and breach of contract. It seeks a series of damages from CREXi for what it claims was a scheme to build its business using stolen content from CoStar. CREXi declined to comment.
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