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CBRE Accuses Departed Executive of Stealing Secrets for New Firm

CBRE Group Inc., the world’s largest commercial real estate services provider, accused a former vice chairman of its retail group of stealing almost half a million files of proprietary information and trade secrets before he left last month to form his own company.

Richard Rizika, who had been a broker with the company for more than 30 years, and members of his team downloaded rent rolls, stacking plans, broker opinions, contracts, marketing plans and financial information to start a competing company, according to a complaint CBRE filed Thursday in federal court in Los Angeles.