According to the Wall Street Journal, CoStar Group and Xceligent , two of the world’s largest providers of commercial real-estate data, have decided not to settle and are in for another legal round.
On December 6, the two rivals were just days away from announcing a settlement in a yearlong legal battle over alleged data theft, according to people familiar with the matter. But the deal has collapsed and lawyers are gearing up for another round of depositions and filings, people said.
DC-based CoStar has ramped up its pressure on Xceligent in recent weeks as the the Kansas City, Missouri-based firm has traversed a leadership shake-up and financial challenges.
Monday, December 11, CoStar filed notice in court of eight new subpoenas and four depositions of current and former executives of Xceligent and its parent company, London-based Daily Mail and General Trust. Among those to be subpoenaed for documents is Doug Curry, the founder and former CEO of Xceligent, who left the company in October.
Full Content: Wall Street Journal
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