CoStar Group Inc Files Lawsuit Against Zillow
CoStar Group Inc, a commercial real estate information provider, has filed a lawsuit against Zillow, alleging copyright infringement. The lawsuit claims that Zillow has used over 46,000 watermarked real estate photographs on its website and partner sites without permission.
According to the lawsuit, CoStar has evidence that Zillow has unlawfully used its copyrighted material. This is not the first time CoStar has taken action against Zillow, as it previously obtained a $500 million award against the real estate listing platform Xceligent.
Key Points of the Lawsuit
- CoStar alleges that Zillow has used over 46,000 watermarked real estate photographs without permission
- The lawsuit claims that Zillow’s actions may expose the company to damages exceeding $1 billion
- This is not the first time CoStar has taken action against Zillow
Market Reaction
CoStar’s stock price has declined following the lawsuit, trading at a lower value than its recent high. The exact impact of the lawsuit on CoStar’s stock price is not yet clear.