NAR and realtor.com operator Move Inc. file suit against Zillow | Chappaqua Real Estate
Move Inc. and the National Association of Realtors have filed a lawsuit against Zillow and former Move Chief Strategy Officer and realtor.com President Errol Samuelson for alleged breach of contract, breach of fiduciary duty and misappropriation of trade secrets.
Samuelson unexpectedly resigned from Move and joined Zillow as the portal giant’s chief industry development officer on March 5.
The complaint, filed today, comes as Zillow announced it had hired another prominent Move exec, Curt Beardsley, as its new vice president of industry development. Beardsley assumed Samuelson’s industry relations role at Move after Samuelson’s departure. Beardsley is not mentioned in the complaint.
NAR subsidiary Realtors Information Network (RIN) and Move subsidiaries RealSelect Inc. and Top Producer Systems Co. are also plaintiffs in the suit. In addition to Zillow and Samuelson, the complaint names “Does 1-20″ as defendants.
“At Move, we take our trade secrets and intellectual property extremely seriously as a valuable asset in our competitive position in the marketplace,” said Steve Berkowitz, CEO of Move, in a statement.
“We take action in cases in which we believe our trade secrets have been compromised. We have raised this matter for the courts and believe that the matter will be resolved judiciously.”
- See more at: http://www.inman.com/2014/03/17/nar-and-realtor-com-operator-move-inc-file-suit-against-zillow-errol-samuelson/#sthash.3UjL1scq.dpuf
Samuelson unexpectedly resigned from Move and joined Zillow as the portal giant’s chief industry development officer on March 5.
The complaint, filed today, comes as Zillow announced it had hired another prominent Move exec, Curt Beardsley, as its new vice president of industry development. Beardsley assumed Samuelson’s industry relations role at Move after Samuelson’s departure. Beardsley is not mentioned in the complaint.
NAR subsidiary Realtors Information Network (RIN) and Move subsidiaries RealSelect Inc. and Top Producer Systems Co. are also plaintiffs in the suit. In addition to Zillow and Samuelson, the complaint names “Does 1-20″ as defendants.
“At Move, we take our trade secrets and intellectual property extremely seriously as a valuable asset in our competitive position in the marketplace,” said Steve Berkowitz, CEO of Move, in a statement.
“We take action in cases in which we believe our trade secrets have been compromised. We have raised this matter for the courts and believe that the matter will be resolved judiciously.”
- See more at: http://www.inman.com/2014/03/17/nar-and-realtor-com-operator-move-inc-file-suit-against-zillow-errol-samuelson/#sthash.3UjL1scq.dpuf
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