Commercial Real Estate Exchange Inc. (CREXi) has recently defended its appeal of counterclaims previously dismissed, suggesting that they hold merits warranting consideration by the Ninth Circuit. The claims pivot around allegations of antitrust violations against its competitor CoStar, expressing that they were sufficiently pleaded.
The ongoing legal dispute has its roots in complaints by CREXi that counterclaim assertions of competing unlawfully were prematurely dismissed, arguing for their legitimacy and demanding a chance for the respective merits to be comprehensively evaluated by the appellate court.
Interestingly, these latest developments underscore a broader ongoing friction between CREXi and CoStar encapsulated in this complex legal battle. It remains to be seen the direction the Ninth Circuit will take in determining whether the counterclaims were indeed appropriately voiced.
The complete coverage of these proceedings can be found on Law360 for those interested in tracking this developing legal saga.