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CoStar, hotels win dismissal of US price-fixing claims

( August 29, 2025, 22:32 GMT | Official Statement) -- MLex Summary: A Washington federal judge granted CoStar Group and hotels' joint motion to dismiss claims that they engaged in price fixing by participating in an information exchange agreement administered by Smith Travel Research (STR), which is owned by CoStar. “Because plaintiffs do not plead that the actual price of hotel rooms is either a required input from the defendant hotel operators to STR, or an output from STR back to the defendant hotel operators via STR’s benchmarking reports, it is unclear to the Court why the alleged parallel conduct of contracting with STR would be of any significance in this matter,” said US District Judge Robert Lasnik. He is giving the plaintiffs 30 days to amend their lawsuit "if they have facts and explanations to present that can nudge this complaint across the line to sufficiently pled." See court's order. ...

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