Realtor.com’s parent company has taken legal action against CoStar Group Inc. and one of its former employees. Filed in a California federal court, the lawsuit alleges that a CoStar employee misappropriated confidential trade secrets during his previous employment with Realtor.com. These trade secrets are alleged to have been used to enhance CoStar’s competing real estate platform, Homes.com. This development follows mounting tensions among leading real estate websites as they vie for market dominance.
Details of the case can be accessed through Law360.