Move’s counsel filed a Notice of Removal on Tuesday to move the class action suit against it from state to federal court. The lawsuit claims Move knowingly sold unvetted and fraudulent leads to agents through its network. Continue reading
The National Advertising Division on Friday denied CoStar’s challenge to Realtor.com’s “No. 1 site real estate professionals trust” tagline. CoStar said it’s based on outdated data. NAD disagreed. Continue reading
Move’s overall revenue dipped 1 percent between July and September, while revenue from its real estate business — including Realtor.com — dropped 4 percent, according to Q3 earnings data released Thursday. Continue reading
A California judge on Monday dismissed a pair of Move’s computer fraud claims against CoStar Group and a former Realtor.com editor accused of stealing trade secrets. Continue reading
Two weeks after California District Judge George H. Wu denied its preliminary injunction request against CoStar, Move has filed a new motion claiming former Realtor.com News & Insights editor James Kaminsky violated the 1986 Computer Fraud and Abu… Continue reading
California District Judge George H. Wu declined Move’s preliminary injunction request against CoStar on Monday, stating the portal failed to prove the risk of “imminent, irreparable harm.” Continue reading
Announced Friday, the merger will unite RE/MAX Key Properties and West + Main Homes Oregon. The new company will tout the RE/MAX name and resume operations with nearly 90 agents. Continue reading
UK portal Rightmove’s board of directors has unanimously rejected News Corp subsidiary REA Group’s $7.32 billion acquisition bid, saying it “fundamentally undervalues” the company’s current and future prospects. Continue reading
Murdoch’s Australia-based News Corp subsidiary announced on Monday that it was considering a cash and stock offer for the UK’s largest real estate portal. Continue reading
Realtor.com parent company Move Inc. saw its fiscal Q4 revenue decrease 2 percent yearly to $143 million as traffic to the site stalls at 74 million average monthly unique visitors. Continue reading