Co-Star wins court case.A federal jury unanimously found in favor of CoStar Group CoStar Group, Inc. (NASDAQ: CSGP) is a leading provider of information services to commercial real estate professionals in the United States and the United Kingdom. CoStar's suite of services offers customers access via the Internet to the most comprehensive database of , Inc. President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Andrew C. Florance in claims brought by Andrew Blount in the case Blount v CoStar Realty Information, Inc. et al., Case No. SACV SACV Shree Ashtavinayak Cine Vision Ltd. (Mumbai, India) 02-520-GLT, the company announced. In addition, the jury unanimously rejected Blount's claim that CoStar or its CEO interfered with Blount's business relationship with CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. , a mutual client. The case was tried in the U.S. District Court for the Central District of California. The jury did award $255,000 in compensatory damage to Blount on his defamation claim against CoStar. CoStar believes that amount, as well as substantially all of its legal fees, is covered by insurance. CoStar is considering appealing the award. |
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