CoStar, a leading provider of commercial real estate data and analytics, recently filed a lawsuit in a Virginia court against three former Homesnap employees. The company is accusing the three former employees of unlawfully accessing and stealing CoStar’s proprietary trade secrets, in order to benefit HomeSnap, an online residential real estate platform.
CoStar is seeking damages for the alleged theft of its trade secrets, as well as civil penalties for each individual intentional violation. Furthermore, CoStar is asking the court to prevent the former employees from using the stolen trade secrets and to order the three individuals to disgorge any profits resulting from the trade secret theft.
The main points of the text include:
• CoStar has recently filed a lawsuit against three former Homesnap employees in Virginia court.
• The lawsuit accuses the individuals of unlawfully accessing and stealing CoStar’s proprietary trade secrets.
• CoStar is seeking damages and civil penalties, as well as to prevent the former employees from using the stolen trade secrets.
You can read this full article at: https://www.housingwire.com/articles/former-homesnap-employees-stole-trade-secrets-costar-alleges/(subscription required)
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