MOSCOW, November 9 - RAPSI, Dmitry Shchitov. The court has dismissed a defamation lawsuit filed by the Penny Lane real estate holding against Eurasia Logistics and its subsidiary Eurasia M4, the court told the Russian Legal Information Agency (RAPSI) on Wednesday.

Penny Lane claims $13,353 in moral damages.

Eurasia Logistics is a major Russian industrial and warehouse property developer.

Penny Lane has been operating in Moscow since 1993. Penny Lane Realty is a leading real estate agency on the elite housing market in Moscow, St. Petersburg and Sochi.

Penny Lane said in its lawsuit that Eurasia Logistics official's response to the claimant's October 14 press release contained a false statement discrediting Penny Lane.

However, the court held against Penny Lane's lawsuit, ruling that the defendant did not intentionally discredit the company.