Durkin’s departure was announced in an SEC filing on Monday and came after reports emerged about the nature of former Elliman CEO Howard Lorber’s retirement, which was allegedly pressured by Elliman’s board. Continue reading
Lorber had served as chairman since 2003 but in the months leading up to his retirement faced scrutiny following a pattern of financial losses and the Alexander brothers scandal. Continue reading
The CEO of Douglas Elliman was elected a director of the company alongside David K. Chene and Patrick J. Bartels during an annual stockholders meeting on Wednesday, much to the dismay of some disgruntled stockholders. Continue reading
Two weeks after Brad Tirpak sent a shareholders’ letter seeking votes against chairman Howard Lorber, advisory firms Glass Lewis and ISS are echoing the vocal investor’s recommendations. Continue reading
The company’s improved financial results no doubt came as a sigh of relief, as Elliman faced increasing pressure from shareholders in recent months because of its shaky performance over the past few quarters. Continue reading
Shareholder Bradley Tirpak said in a letter to investors published on Wednesday that Lorber’s leadership had fallen short as the firm has continued to see financial losses and scrutiny amid the Alexander brothers sexual assault scandal. Continue reading
New reports from “The New York Times” and “The Wall Street Journal” suggest that executives at Douglas Elliman and Side had heard about sexual assault allegations made against the Alexander brothers while they worked for their firms. Continue reading
Women who claim to be victims of the Alexander brothers, or witnesses to alleged assaults, have been approached by agents from an FBI task force, “The Wall Street Journal” reported Tuesday. Continue reading
With the investment, Kennedy Lewis co-founder and Co-Managing Partner David Chene will join Douglas Elliman’s board. Douglas Elliman also released preliminary Q2 2024 financial results. Continue reading
The proposed deal would resolve antitrust claims brought by homesellers but not homebuyers. Continue reading