CoStar Group Inc. is advancing in its legal battle against rival CREXi, following a federal court's findings that CREXi deliberately copied and cropped thousands of copyrighted images from CoStar's LoopNet site. The court determined that CREXi executed this infringement through an offshore scheme involving teams in India, disregarding its claims of innocence and blaming brokers. With the court's findings in CoStar's favor, the case will proceed to trial to address unresolved factual issues and assess the value of CoStar's images and the damages incurred by CREXi's actions. CoStar Group emphasizes that the industry is now on notice regarding the consequences of unauthorized use of its watermarked images.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.