Realtor.com has dropped its trade secrets lawsuit against CoStar after determining that the risk of misuse has been reduced with the departure of former employee Kaminsky. The lawsuit, initiated in July 2024, accused Kaminsky of stealing trade secrets to benefit Homes.com. Both companies have been involved in ongoing disputes regarding their ranking as listing portals, particularly after Homes.com claimed the second position behind Zillow, which Realtor.com disputed. CoStar did not comment on the situation.
Given that he is no longer employed by CoStar and we have a settlement in place, we have chosen to dismiss our trade secrets lawsuit against CoStar because the risk of additional misuse has been mitigated.
We acted decisively, launching legal action to halt and prevent any ongoing exploitation of our intellectual property
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