In a recent development, a panel from the Ninth Circuit has rejected a motion to discard the appeal filed by Commercial Real Estate Exchange against an earlier verdict on its antitrust counterclaims against CoStar, a top commercial real estate information firm. This move allows the appeal process to carry forward to a comprehensive briefing scheduled for the next month.
As reported by Jared Foretek on November 17, 2023, the counterclaims against CoStar pertains to alleged antitrust activities in the commercial real estate information market. Other specifics of the case remain undisclosed, pending the full briefing in the coming month.
The outcomes of this case will invariably have significant implications on the operations of CoStar and could influence the landscape of commercial real estate information industry. For detailed coverage and up-to-date information on the court proceedings, interested parties can follow the case on Law360’s dedicated page.
If the appeal proceeds in favor of Commercial Real Estate Exchange, it could set a pertinent precedent in the commercial real estate information market. In contrast, if the appeal is unsuccessful, it could serve as a reminder to all companies operating within the same sphere regarding the stringent stance against antitrust activities.