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Engineering News-Record and Architectural
Record Each Win 2002 Jesse H. Neal Awards
McGraw-Hill
Construction Information Group Publications Recognized for Editorial
Excellence in Business Journalism
Suit By The McGraw-Hill Companies Against
Buildingteam.com, a Division of Reed Elsevier, Settled
NEW YORK, March 13,
2001 - The McGraw-Hill Companies (NYSE: MHP) announced today
the settlement and final resolution of litigation that it initiated
in February, 2000 against Reed Elsevier, Cahners Publishing's Buildingteam.com
and an employee of Buildingteam.com.
The McGraw-Hill Companies' suit alleged that
Robert Corcoran obtained confidential pricing and other information
about The McGraw-Hill Companies' construction.com Internet site
over a period of months. At the time, Corcoran was employed by Cahners'
Buildingteam.com, which denied knowledge of his activities. The
suit alleged that he received the information from an employee of
The McGraw-Hill Companies who has since been dismissed. The McGraw-Hill
Companies believes that the settlement agreement, whose terms remain
undisclosed, achieves all of its objectives for the protection of
its confidential and proprietary information. This settlement brings
this matter to a satisfactory conclusion and finally resolves all
of the issues in the case.
About Construction
Information Group
A division of The McGraw-Hill Companies, the McGraw-Hill Construction
Information Group (CIG) is comprised of the industry's leading brands:
F.W. Dodge, the project marketplace, Sweet's, the product marketplace,
Engineering News-Record, Architectural Record and Design-Build magazines,
the industry news marketplace. These brands converge at the Group's
web portal, construction.com, the commercial construction industry's
leading Internet destination. Both online and offline, these brands
are individually the most powerful names in the industry. Collectively,
they provide the design and construction community with the most
comprehensive, timely and accurate solutions available today.
About the McGraw-Hill
Companies
Founded in 1888, The McGraw-Hill Companies is a global information
services provider meeting worldwide needs in the financial services,
education and business information markets through leading brands
such as Standard & Poor's, BusinessWeek and McGraw-Hill Education.
The corporation has more than 300 offices in 32 countries. Sales
in 2000 were $4.3 billion. Additional information is available at
www.mcgraw-hill.com.
For More Information:
Louis Haber
Director, Corporate Media Relations
The McGraw-Hill Companies
(212) 512-3203
louis_haber@mcgraw-hill.com
Mary Skafidas
The McGraw-Hill Companies
(212) 512-2826
mary_skafidas@mcgraw-hill.com
© 2001 The McGraw-Hill Companies - All Rights
Reserved
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