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CoStar Spars With Investor Amid Ongoing Battle Over Homes.com
CoStar is engaged in a dispute with investment firm D.E. Shaw over the reporting of Homes.com’s performance. D.E. Shaw alleges that CoStar changed its reporting methods to obscure the portal’s underperformance, a claim CoStar denies, stating the changes were for more transparency and that D.E. Shaw may have ulterior motives due to its holdings in competitors. CoStar has also hired a law firm specializing in defamation cases, intensifying the conflict.