CMG Holdings Group Inc (CMGO)

[PlayMoneyBS]

CMGO/XA lost their case to Ronald Burkhardt.

Upon review of the testimony and exhibits submitted by the parties at trial, I find that Burkhardt has proved, by a preponderance of the credible evidence, that he was terminated without cause. In contrast, defendants failed to prove, by a preponderance of the credible evidence, their defense that that Burkhardt was fired for cause. Defendants also failed to prove any of their counterclaims by a preponderance of the credible evidence.

CMGO has to pay damages of $565,000.

Not sure why that's caused buying...