PRESS RELEASE DETAIL


Dec 02, 2009

CoStar Group and LoopNet Reach Settlement on All Outstanding Lawsuits

2009-12-02 2009 CoStar Group and LoopNet Reach Settlement on All Outstanding Lawsuits

BETHESDA, Md., Dec. 2, 2009 -- CoStar Group, Inc., (Nasdaq:CSGP...

2009-12-02 2009 CoStar Group and LoopNet Reach Settlement on All Outstanding Lawsuits

BETHESDA, Md., Dec. 2, 2009 -- CoStar Group, Inc., (Nasdaq:CSGP) and LoopNet, Inc., today announced that they have settled all current litigation between the companies. The settlement resolves false advertising litigation in New York, breach of contract and unfair competition litigation in California, and copyright litigation in Maryland. No monetary consideration was involved.

In a joint statement, CoStar CEO Andrew Florance and LoopNet Chairman and CEO Richard Boyle said, "We both welcome this settlement and feel that it is in the best interest of our customers, shareholders and employees. We are pleased to put this litigation behind us, and focus on the needs of our customers and building value for our shareholders."

About CoStar Group, Inc. 

CoStar Group, Inc. (Nasdaq:CSGP) is the number one provider of information, marketing and analytic services to commercial real estate professionals in the United States as well as the United Kingdom. CoStar's suite of services offers customers access via the Internet to the most comprehensive database of commercial real estate information throughout the U.S. as well as in the United Kingdom and France. Headquartered in Bethesda, MD, CoStar has approximately 1,400 people working for the company worldwide, including the largest professional research organization in the industry. For more information, visit http://www.costar.com.

This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations, beliefs, intentions or strategies regarding the future. These statements are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. More information about potential factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, those stated in CoStar's filings from time to time with the Securities and Exchange Commission, including CoStar's Form 10-K for the year ended December 31, 2008, and Form 10-Q for the quarter ended September 30, 2009, under the heading "Risk Factors." All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update such statements.
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