Property Invests
"After catching our ex-employee brazenly accessing our strategy documents while employed at CoStar, we acted decisively, launching legal action to halt and prevent any ongoing exploitation of our intellectual property.
While it's too early to know who will be victorious — or even declare a stalemate or truce — in the ongoing battle between CoStar and Move, the legal wrangling between the fierce home search rivals is poised to spill over into the new year.
Allison Thompson, its national lettings managing director, said: “This poorly conceived policy, aimed at boosting homeownership by reducing buy-to-let competition, has instead driven up rents and forced many landlords to cut back on costs and investment in their properties.
Because the two competitors are engaged "in a well-publicized battle for website traffic" and because CoStar "cannot be trusted to police themselves," according to Move lawyers, the request for an injunction would "stop further misappropriation of specific trade secrets."