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CoStar Sues Zillow For Rampant Copyright Infringement

1. CoStar Group sued Zillow for copyright infringement involving thousands of images. 2. The outcome may impact CoStar's market position and assets in commercial real estate.

Lawsuit
-0.06%Current Return
VS
-0.08%S&P 500
$95.5907/30 08:30 AM EDTEvent Start
$95.5307/31 02:56 PM EDTLatest Updated
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FAQ

Why Bullish?

Successful litigation could enhance CoStar's market dominance and protect IP. Historical cases show that copyright enforcement can lead to increased asset valuation.

How important is it?

The lawsuit could lead to significant financial implications for CoStar Group, affecting its valuation. Legal victories in copyright cases can enhance a company's reputation and investor confidence.

Why Short Term?

Legal proceedings often yield swift market reactions, impacting investor sentiment and stock price. Prior lawsuits in the tech sector have shown immediate effects on stock performance.

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NEW YORK--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, online marketplaces and 3D digital twin technology, filed a lawsuit in New York federal court today alleging rampant copyright infringement by Zillow. The infringement could hardly be more brazen. The complaint shows that Zillow is unlawfully exploiting tens of thousands of CoStar Group's watermarked photographs on its sites and on Redfin and Realtor.com, making this o.

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