CBRE Can’t Dodge Anti-Competitive Property Bid Suit

Law360, New York (January 18, 2013, 5:02 PM ET) -- A Florida federal judge refused Thursday to toss claims against real estate broker CBRE Inc. alleging that it misled a client to bid less competitively so another client could win the property, according to a order.

Judge Cecilia M. Altonaga denied CBRE’s motion to dismiss claims of fraudulent misrepresentation and breach of the duty of honest and fair dealing, which had been lodged by bank-branch consulting company and former client K.H. Thomas Associates LLC. Kenneth H. Thomas, the head of the company, alleges CBRE gave him...
To view the full article, register now.