Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Lawsuit over alleged mispricing of a nonprofit property
A nonprofit client sued Newmark agents after a Washington, D.C., property was sold and later resold at a substantially higher price. The client alleged that brokerage errors led it to receive less than the property's appropriate value.
2021
Newmark sues former brokers and CBRE
Lawsuit filed
Newmark sued three former brokers and their new employer, CBRE, alleging that the brokers violated non-compete agreements and that CBRE was responsible for the breach. The article also reports that Newmark is seeking $15 million in damages.
Source excerpt
Newmark is suing three of its former brokers and their new employer, CBRE, alleging that the former violated non-compete agreements in their employment contracts, and the latter was responsible for that breach of contract.
Newmark is seeking $15 million in damages, and has asked for “injunctive relief” from the court – i.e. stopping the brokers from working for CBRE.
But the brokers named in the case — Terrance Hunt, Christopher Cowan and Shane Ozment — have countersued Newmark and its affiliated entities, arguing that their non-compete pact was unreasonable and voided by a subsequent 2018 agreement made with their employer.
2018
Former employee sexual-harassment allegations
A former administrative assistant alleged repeated sexual advances and retaliation after raising concerns with human resources. Newmark stated that it had investigated and found the allegations baseless.
2017
Sexual-harassment lawsuit involving an executive
A Newmark executive was sued by a plaintiff who alleged unwanted sexual attention and stalking. The executive's lawyers challenged aspects of the case, including disclosure and procedural issues.