Home Add to Favorite Contact Submit  
           24 November, 2020

Category:  Press » Legal


CORRECTED VERSION: LoopNet Responds to CoStar Complaint

         Views: 1355
2008-02-06 04:14:17     
LoopNet, Inc.

LoopNet, Inc. (Nasdaq: LOOP) released the following statement today:

"LoopNet believes the complaint filed today in the United States District Court, Southern District of New York, by CoStar Group, Inc. (Nasdaq: CSGP) is completely without merit. LoopNet will defend itself vigorously against CoStar's suit.

"CoStar's complaint follows an earlier lawsuit filed by LoopNet against CoStar Group, Inc. and CoStar Realty Information, Inc. on November 15, 2007 in the Superior Court of the State of California for breach of contract, violation of the California Comprehensive Computer Data Access and Fraud Act and unfair competition arising from CoStar's unlawful use of LoopNet property listings and listing information.

"LoopNet's complaint alleges that CoStar has engaged in a pattern of unlawful reproduction and use of LoopNet property listings and listing information that CoStar has misappropriated from the LoopNet website, reproduced on CoStar's website and used to contact LoopNet's customers in an effort to convince them to use CoStar's service. LoopNet's complaint further alleges that CoStar has misrepresented that it independently compiled data and photographs that in fact were copied without authorization from the LoopNet website.

"LoopNet's lawsuit seeks damages and an injunction to bring an end to CoStar's unlawful attempts to build its business on the back of LoopNet."

About LoopNet, Inc.

LoopNet is the leading online marketplace for commercial real estate and businesses for sale in the United States. Our online marketplace, available at http://www.LoopNet.com, enables commercial real estate agents, working on behalf of property owners and landlords, to list properties for sale or for lease by submitting detailed property listing information in order to find a buyer or tenant. Commercial real estate brokers, agents, buyers and tenants use the LoopNet online marketplace to search for available property listings that meet their commercial real estate criteria. By connecting the sources of commercial real estate supply and demand in an efficient manner, we believe that LoopNet enables commercial real estate participants to initiate and complete more transactions more cost-effectively than through other means. LoopNet also delivers technology and information services to commercial real estate organizations to manage their online listing presence and optimize property marketing.

Forward-Looking Statements

This release contains forward-looking statements regarding LoopNet's current expectations with respect to these pending lawsuits and LoopNet's business. These statements are based on current information and expectations that are inherently subject to change and involve a number of risks and uncertainties. Actual events or results might differ materially from those in any forward-looking statement due to various factors, including, but not limited to the inherent uncertainties involved in litigation, the preliminary nature of the most recent lawsuit filed, costs associated with pursuing and defending litigation and the associated management distraction related to litigation. Additional information concerning factors that could cause actual events or results to differ materially from those in any forward-looking statement are contained in our Form 10-Q filed with the Securities and Exchange Commission ("SEC"), and subsequent SEC filings made by us. Copies of filings made by us with the SEC are available on the SEC's website or at http://investor.loopnet.com/sec.cfm. LoopNet does not intend to update the forward-looking statements included in this press release which are based on information available to us as of the date of this release.

Specialized in: Commercial Real Estate Listing Service - Commercial Property - Properties For Sale - Properties For Rent - Retail Property - Industrial Buildings - Office Building For Sale - Apartment Buildings - Commercial Realestate - Commercialrealestate
URL: http://www.loopnet.com
Print press release      Bookmark this page
Related Press releases 
Fairfax Title Company Answers How Mortgage Refinancing Works (Popularity: ): Fairfax, Virginia (press.abc-directory.com) December 2, 2019 - Mathis Title Company, a Fairfax title company, recently published a blog called "How Mortgage Refinancing Works to help homeowners better understand the refinancing process. This can assist them in getting better refinancing deals and saving money for other investments.Mortgage refinancing is the process of replacing an existing mortgage with a new loan, often with a loan that offers lower monthly payments, lower interest ...
McMahon & Winters Announces Sponsorship of Lancaster Newspapers' Food & Spirits Festival on 7/13/14 (Popularity: ): Lancaster, PA ( press.abc-directory.com ) June 19, 2014 - McMahon & Winters Law Firm is pleased to be a part of the Lancaster Newspapers' fourth annual Food & Spirits Festival as the parking sponsor. The Festival is an annual event showcasing local restaurants, vineyards, retailers, microbreweries, musicians, distilleries, and more. McMahon & Winters Law Firm is excited to join in this year's festival, dedicated to those who relish delicious food, ...
Two Happy Homes, Inc. Sponsors TDE - The Divorce Expo™ in Naperville (Popularity: ): Ann Arbor, MI, July 04, 2012 -- The first Metro Chicago The Divorce Expo™ will take place August 18 at the Hotel Arista, at CityGate Centre in Naperville. The expo is designed for those facing the challenges of divorce; whether they are considering divorce, currently living through a divorce or dealing with the aftermath. The event offers top experts in their fields, keynote speakers, 20 plus interactive seminars and demonstrations.“With ...
New Legal Advice Engine launched for Solicitors and Law Firms (Popularity: ): Legal question and answer company, Expert Answers Ltd, has launched its Online Legal Advice Engine for use by solicitors and law firms in the United Kingdom.Online legal advice specialist, Expert Answers Ltd, has announced the launch of its new Legal Advice Engine for solicitors and law firms in the UK. This engine will benefit solicitors and law firms in three ways:• an additional service to offer clients • revenue generation • source ...
Leading Atlanta Law Firm gets a New Web Presence (Popularity: ): MENLO PARK, CA -- December 10, 2012 - Martenson, Hasbrouck & Simon LLP, a leading Atlanta, GA, based law firm recently launched their redesigned website with a new look web presence designed by Flying Cow Design. The law firm's new website is designed to address the changing legal needs and connect with a growing web-savvy audience. The law firm is among the leading law firms in Atlanta, GA, specializing in ...

Press release home snapshot 

Related Business 
Skin Vitality Medical Clinic (Popularity: ): The high quality of a cosmetic clinic is determined not by whether a complaint is made about their service or product, because this is really a normal part of doing any business with the public; it's how the complaint is handled by the company. We have a system in place to handle your complaint and deal with it to the satisfaction of you, the client. Finally, we learn from the ...
Damn Companies Complaint Center (Popularity: ): A consumer advocate company's site where one can submit a complaint and they'll actively try, on your behalf, to satisfy your complaint.
The Complaint Department (Popularity: ): A for-fee consumer complaint resolution and letter writing service.
Sample Letter Of Complaint (Popularity: ): If you're in need of a complaint letter sample, the persuasive letter writers at A Letter 4 You can assist you with any sample letter of complaint. As our name indicates, we are a one of a kind letter writing agency committed to providing you with a custom crafted letter unavailable anywhere on the planet.
ConsumerTips.com (Popularity: ): Links to complaint sites, scam alerts, fraud complaint centers, advice columns, advocacy resources for products, automotive, real estates, taxes, financial including credit cards.
Impost (Popularity: ): Impost can either act as a honey pot and take orders from a Perl script controlling how it responds and communicates with connecting clients; or it can operate as a packet sniffer and monitor incoming data to specified destination port supplied by the command-line arguments (pre-release version available).
Costar Electronics Inc., (Popularity: ): Manufacturing a series of keyboards and keypads.
LoopNet Land (Popularity: ): Offering listings in the United States and Canada.
NACAA-The National Association of Consumer Agency Administrators (Popularity: ): Offers free help in making a complaint, constructing a letter, and finding the consumer agency for your complaint.
LoopNet (Popularity: ): Commercial real estate marketplace with a database of properties for sale and lease around the globe.