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Homestore Files Lawsuit Against Bargain Network |
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Homestore Files Lawsuit Against Bargain Network |
WESTLAKE VILLAGE, CA -- (April 29, 2002) -- Homestore (Nasdaq: HOMS) announced that it has commenced a lawsuit against Bargain Network, Inc. in U.S. District Court in Los Angeles.
The suit seeks an injunction against Bargain Network's collection and display, through its Bargain.com Web site, of real estate listing information obtained from the REALTOR.com(R) Web site, which Homestore operates through its RealSelect, Inc. subsidiary. Homestore also seeks an injunction against Bargain Network's practice of deep linking from the Bargain.com site to detailed real estate listings contained within the REALTOR.com(R) site. In addition to injunctive relief, Homestore seeks monetary damages.
Homestore, through RealSelect, obtains and aggregates North American real estate listings under license from multiple listing services for display on the REALTOR.com(R) Web site. Homestore's suit seeks to protect such data from being commercially exploited without authorization. More than 1.7 million homes are currently listed for sale on the REALTOR.com(R) site.
In its complaint, Homestore asserts a variety of causes of action including trespass, false advertising, breach of contract and unfair competition.
Homestore (Nasdaq: HOMS) is a supplier of online media and technology to the real estate industry. The company operates the number one network of home and real estate Web sites including REALTOR.com(R), the official site of the National Association of REALTORS(R); HomeBuilder.com(TM), the official new homes site of the National Association of Home Builders; Homestore.com(TM) Apartments & Rentals; and Homestore.com(TM), a home information resource.