A ruling against the Corcoran Group was upheld yesterday, in a landmark case that found agents — and not firms — to be in ownership of their own client lists, Crain’s reported. Three years ago, the New York state Supreme Court ruled in favor of ex-Corcoran Group agent Sarit Shmueli, who claimed that her former employer, and executive vice president Tresa Hall, in particular, had stolen her client list “deliberately and maliciously” off of her computer after she had been fired. Shmueli was awarded $400,000 in compensation and $1.2 million in punitive damages. The brokerage’s appeal, which began proceedings last month, didn’t go completely unrewarded, however. The appellate court ruled to vacate the punitive damage award for Shmueli, on the grounds that the “defendant’s practice of precluding a terminated employee from having access to its computer system does not evince a high degree of moral turpitude,” according to court filings. Shmueli said that she will pursue an appeal of the ruling in order to regain her punitive damage award.
Corcoran ruling upheld in appellate court
New York /
Dec.December 09, 2009
03:58 PM
Related Articles
arrow_forward_ios

Corcoran to shut down office in building partly owned by Barbara Corcoran

Welcome to Queens: Corcoran opens first borough outpost

Corcoran begins new lead-gen push via Facebook ads

Corcoran launches first international franchise in British Virgin Islands

Judge rejects Realogy’s bid to force $400M sale of Cartus

Corcoran exposes Bespoke’s little black book in Hamptons legal battle

TRD Quarantine Cribs: Take a tour of Cathy Franklin’s whiskey distillery & home
arrow_forward_ios