A court will consider antitrust claims against real estate information company CoStar Group after a federal appeals court deemed a competitor’s arguments credible.
Los Angeles-based CREXi, which operates an online commercial real estate marketplace, “plausibly” argued that CoStar could be in violation of the Sherman Antitrust Act and wield monopoly power over the commercial real estate data market, the U.S. Court of Appeals for the 9th Circuit said in an opinion published Monday.