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Michigan Post > Blog > Real Estate > Facet sues Alexander brothers, citing breach of contract
Real Estate

Facet sues Alexander brothers, citing breach of contract

By Editorial Board Published October 16, 2024 4 Min Read
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Facet sues Alexander brothers, citing breach of contract

After going through a collection of lawsuits this summer season from girls alleging rape, the Alexander brothers at the moment are contending with a brand new authorized motion in opposition to them from Facet, which had backed their luxurious agency.

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Tal and Oren Alexander have gone by means of some rocky months, turning into the recipients of a number of lawsuits alleging that they’ve sexually assaulted and raped girls, finally spurring them to half methods with their former cofounders of Official Companions.

Now, white-label brokerage Facet, which backed Official, has additionally sued the brothers for breach of contract, alleging that the brothers and the agency didn’t pay again a promissory observe and uphold a safety settlement that date again to Aug. 2022.

The swimsuit was filed on Friday in U.S. District Court docket in San Francisco, HousingWire reported.

The criticism states that Official Companions agreed to pay Facet the principal sum of a redacted quantity, plus curiosity, as outlined in phrases that had been agreed upon within the observe. The criticism additionally says that the Alexanders additionally signed the observe as guarantors.

After the lawsuits in opposition to the brothers alleging sexual assault got here to gentle, Official’s different cofounders — Nicole Oge, Andrew Wachtfogel and Richard Jordan — tried to distance themselves from the brothers. At the moment, Oren and Tal stepped away from their roles on the agency and their licenses had been not lively with Facet. The lawsuit criticism notes that the dissociation of their licenses was executed with the brothers’ “full knowledge and consent.”

After negotiations with the brothers fell by means of, Oge, Wachtfogel and Jordan determined to forfeit their possession within the firm and formally left the agency on Aug. 15.

The lawsuit from Facet alleges that in mid-July, the brokerage demanded fee from Official, however the agency refused. Facet additionally demanded that the Alexanders abide by their obligations made within the safety settlement, the small print of which had been redacted. Solely Tal and Oren Alexander are named as defendants within the lawsuit, together with Official Companions New York — Ogen, Wachtfogel and Jordan, though talked about within the criticism, aren’t defendants.

On condition that Official and the Alexanders didn’t adjust to Facet’s request, the agency was compelled to sue, the criticism states.

Facet is requesting damages that cowl the unpaid stability of the promissory observe, in addition to accrued curiosity, attorneys charges and a jury trial. Facet additionally requested that the court docket situation orders requiring one thing of the Alexanders, which was redacted as effectively. Inman has reached out to Tal and Oren Alexander for remark.

Previous to launching Official in 2022, the Alexanders had a group at Douglas Elliman for about 10 years.

Electronic mail Lillian Dickerson

TAGGED:Alexanderbreachbrotherscitingcontractsidesues
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