CoStar Group announced that it has amicably concluded its trade secrets dispute with Happening Technology, with all parties withdrawing every claim with prejudice. This brings the matter to a final close, resolving concerns regarding potential trade secret misappropriation.
The dispute arose from similarities between Happening Technology's innovative data pipeline product and CoStar's internal data pipeline technology, following the departure of former Homesnap CEO Guy Wolcott and others. After a thorough review, the parties concluded that no misappropriation of CoStar’s trade secrets or other legal obligations occurred.
The resolution removes a legal overhang for CoStar Group and Happening Technology, allowing both companies to move forward. Both parties are open to exploring potential opportunities for future collaboration.
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