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Malm v. CoStar (CRE Data Monopoly)

Malm Inc. v. CoStar Group Inc.

OngoingPlatform & Tech Litigation
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Quick Facts

Filed

April 2026

Jurisdiction

Federal Court (TBD)

Plaintiff Firm

Susman Godfrey / Berger Montague

Next Milestone

Service of process; CoStar expected to file motion to dismiss

Key Issue

CoStar allegedly unlawfully monopolized commercial real estate data and information services, controlling ~80% of U.S. CRE listing and information markets via LoopNet.com; restrictive noncompetes and cross-post limits harm competition

Industry Impact

First of two antitrust class actions filed against CoStar in April 2026. Susman Godfrey — one of the three key plaintiff firms in the residential commission cases — is co-counsel, signaling a potential expansion of real estate antitrust litigation into the commercial data sector. Seeks treble damages and permanent injunctive relief.

Case Timeline
Key events and milestones in this case

Complaint Filed

April 21, 2026

Susman Godfrey and Berger Montague file antitrust class action against CoStar on behalf of CRE broker Malm Inc., alleging monopolization of commercial real estate data markets

CoStar Responds

April 21, 2026

CoStar general counsel states: 'CoStar will vigorously defend against these baseless allegations and will prevail'

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