One day after winning a $4 million federal jury verdict over a cable television network, Charleston real estate investor Richard C. Davis released a written statement Thursday saying he was "thankful to win one for the little guy."
Davis had claimed that A&E Television had agreed verbally to a 50-50 profit-sharing agreement with him and his James Island company, Trademark Properties Inc., from the reality series "Flip This House."
A&E denied any such agreement existed and said a 50-50 split was unheard of in the TV industry.
A 12-person jury in Charleston on Wednesday awarded Davis more than $4 million in damages, ending a trial that began Nov. 3.
"I feel personally vindicated by the jury's verdict finding that I have always had an agreement with A&E. This victory is much bigger than me. This verdict makes it clear that if a network uses and profits from someone's concept for a television show, they need to pay for it. I am thankful that we were able to win one for the little guy," Davis said in his statement.
A spokesman for A&E said the network will seek to reverse the verdict.