IRVINE, Calif., May 14, 2013 /PRNewswire/ -- On behalf of its client Greenlight Financial Services, Inc. ("Greenlight"), Rhema Law Group prevailed in a jury trial against defendant Internet Brands, Inc. ("Internet Brands") on claims for breach of contract and breach of covenant of good faith and fair dealing. Greenlight asserted that Internet Brands breached a settlement agreement entered into by both parties, resolving prior litigation involving claims of trademark infringement of the "Greenlight" mark.
The jury returned a verdict awarding Greenlight $750,000.00 in lost profit damages. Pursuant to the settlement agreement, an award of attorney's fees and costs is anticipated, making the total judgment approximately $1 million dollars. At trial, the jury agreed with the firm's arguments, finding Internet Brands liable for modifying the www.greenlight.com website without permission, resulting in a diversion of potential mortgage leads to Internet Brands' own websites, Loan.com and Loanapp.com.
John D. Tran, lead counsel on the matter, was pleased with the outcome. "The jury decided to hold Internet Brands accountable for their actions. The verdict confirms that even if you are a large company like Internet Brands, you still have to honor your word and perform as you promised."
Rhema Law Group, P.C. is a boutique intellectual property and business law firm specializing in patent, trademark, copyright and business related disputes. For more information: www.rhemalaw.com
SOURCE Rhema Law Group, P.C.