The Real Deal New York

Former Cushman execs file suit against firm

May 04, 2012 03:30PM

A group of leasing executives from Jones Lang LaSalle filed a lawsuit against their former firm, Cushman & Wakefield, on Wednesday for $8 million over alleged unpaid compensation, the New York Observer reported. The executives are Mitch Konsker, Paul Glickman, Matt Astrachan, Alex Chudnoff and Mitti Liebersohn.

The suit alleges that Cushman withheld money or dealt the executives less-than-expected payments before and after they departed the firm early last year. Cushman also paid undersized splits, the group alleges, which the Observer mentions is the percentage of the gross earnings the broker gets after the house takes its portion.

Neither Konsker nor his colleagues could be reached for comment. A spokesperson for Cushman could not comment to the Observer. [NYO]