SERHANT faces another lawsuit related to allegedly taking data

Date:

Share post:


The lawsuit launched at the brokerage led by the “Million Dollar Listing” star alleges that SERHANT. and two recently recruited agents stole trade secrets, marketing data and listings from the Florida-based Sutter & Nugent.

In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price.

The South Florida-based brokerage Sutter & Nugent has sued two of its former agents and SERHANT., claiming the pair stole trade secrets from the firm to take to Ryan Serhant’s brokerage and violated their contracts.

The lawsuit was launched by Sutter & Nugent against SERHANT. Florida, Matthew Moser and Nicholas Gonzalez at the end of May, the Palm Beach Post reported, with the firm seeking unspecified damages from the trio.

Screen Shot 2023 06 22 at 9.57.41 AM e1687449785436

Matthew Moser | SERHANT.

The news follows a similar case launched by Keller Williams Black Label against SERHANT. and that firm’s former agents who KW Black Label allege in April stole clients, intellectual property, confidential information, personnel and more when making the move to SERHANT. to spearhead the firm’s expansion into Pennsylvania.

Sutter & Nugent, which is based in Palm Beach Gardens, said it had invested a “substantial amount of money” in establishing its office in Boca Raton, out of which Moser and Gonzalez operated.

On March 20, Moser and Gonzalez notified the firm’s broker and president, Talbot Sutter, that they were leaving the firm, the complaint reads. Sutter made an effort to keep the agents, but after learning they had tried to recruit other agents and staff to move over to SERHANT., Sutter & Nugent terminated their agreements on March 24, the complaint reads further.

About two months after departing Sutter & Nugent, Moser and Gonzalez recruited William Volpe, who led the Jupiter office to also join SERHANT., Sutter & Nugent allege.

Screen Shot 2023 06 22 at 9.57.56 AM e1687449809597

Nicholas Gonzalez | SERHANT.

Plaintiffs also claim that Moser and Gonzalez used confidential marketing data and took listings that had been initiated with Sutter & Nugent over to SERHANT.

However, the defendants’ attorney David Beckerman, of Beckerman Law, denied the allegations, arguing that because the pair did not have non-compete agreements, they “had the right to leave.”

“There were no trade secrets taken,” Beckerman added. The attorney also filed a motion to dismiss the lawsuit.

In the KW Black Label case, the firm and its parent company, the Condo Shop LLC, sought $10 million in damages plus punitive damages from the departure of Andrea Desy Edrei, who left KW Black Label to launch SERHANT. in Philadelphia.

The firm also said that its social media accounts were “sabotaged” and rebranded to SERHANT. overnight, and remained that way for weeks. The case is ongoing, a representative from Keller Williams Black Label confirmed to Inman.

In April 2023, SERHANT. announced the launch of a national expansion, the first wave of which included Florida, Pennsylvania, New Jersey, North Carolina, South Carolina and Connecticut. The second wave is yet to be announced.

Get Inman’s Luxury Lens Newsletter delivered right to your inbox. A weekly deep dive into the biggest news in the world of high-end real estate delivered every Friday. Click here to subscribe.

Email Lillian Dickerson





Source link

Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Recent posts

Related articles

Avison Young arranges 99-year ground lease for an estimated $21.5 million

Share0 Avison Young has arranged a 99-year long-term ground lease at 301-307 Third Avenue on behalf of Snake...

Rosewood Realty Group Brokers $36.5 Million Sale of 15-Story Hells Kitchen Mixed-Use Building

Share0 Rosewood Realty Group announced the $36.5 million sale of 159-161 West 54th Street, a 15-story, mixed-use building...

AI and cloud adoption propel data center demand to record levels for 2023

Artificial intelligence (AI) and machine learning are touching the corners of every industry in a rapidly changing...

Miller Construction Begins Work on an 80,000-Square-Foot Build-to-Suit Industrial Warehouse in Orlando

Miller Construction Company, a statewide, privately-held construction firm, has begun site work on an 80,000-square-foot warehouse for...

Local Development Corp. Votes Final Approval of $195 Million Bond Financing for Construction of New 162,626 SF Patient Care Tower at Westchester Medical Center

The Westchester County’s Local Development Corporation (LDC) voted on August 23 final approval of $195 million in...

NAI James E. Hanson Tapped to Sell 133,032-Square-Foot Retail Power Center in Riverdale, N.J.

 NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has...

Curtis + Ginsberg Architects To Relocate HQ To Rudin’s One Battery Park Plaza

 Rudin announced today that Curtis + Ginsberg Architects has signed a 12,602 square-foot lease at One Battery Park Plaza in Lower...

Camber Property Group Closes on $23 million Oakland Heights Apartments

Camber Property Group announced today the acquisition and preservation of the Oakland Heights Apartments, a 12 acre...