Xceligent: Xceligent's legal fight with CoStar leads to bankruptcy

Xceligent Inc., a well-known commercial real estate data company, will liquidate through bankruptcy in the wake of a legal fight with giant competitor CoStar Group Inc. The Wall Street Journal reports that Xceligent's board opted for Chapter 7 bankruptcy liquidation after settlement talks over the lawsuit broke down. In December 2016, Washington-based CoStar (Nasdaq: CSGP) sued Xceligent in federal court in Kansas City, claiming that it participated in a "brazen and widespread theft" of CoStar's...