Joe Aquino’s lawsuit against Elliman is dismissed

Broker argued that his commissions went to pay for Faith Hope Consolo's extravagant lifestyle

New York /
Oct.October 31, 2016 04:15 PM

A judge has dismissed a lawsuit brought by onetime Douglas Elliman retail broker Joe Aquino against his former employer, claiming the company had withheld $1 million in commissions to pay for his former partner Faith Hope Consolo’s extravagant lifestyle.

The suit, brought by Aquino in March against Elliman TRData LogoTINY and Consolo, alleged that his commissions went to pay for his boss’ spa treatments, cashmere sweaters, beauty supplies, and her $100-a-day makeup session. He also claimed that Elliman chairman Howard Lorber had cautioned him against complaining about the situation, threatening him with termination and saying he could be “blackballed” in the industry.

“The courts have confirmed what Kasowitz argued on behalf of Douglas Elliman from day-one, which is that the plaintiff’s claims had no merit,” said Mark Lerner of Kasowitz Benson Torres & Friedman, who represented Elliman in the case.

An attorney for Aquino was not immediately available for comment. Aquino has 20 days to re-plead his case against Elliman. Aquino’s claims against Consolo are still pending, her attorney said.

Elliman had argued that Aquino’s allegations against the company were “ever-changing” and a “manufactured attempt” to get more money and that he’d happily worked alongside Consolo for a decade without issue.

“He cannot unilaterally, and after-the-fact, decide that he wishes the economics of his compensation had been different,” the company said in court papers.

In July, it was reported that Aquino joined Switzerland-based retail brokerage the Location Group to head its North American operations.


Related Articles

arrow_forward_ios
John Giannone and Jac Credaroli (Credit: iStock)

Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans

Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans
Jacob Sudhoff and Scott Durkin (Credit: Sudhoff Companies, Emily Assiran, iStock)

Douglas Elliman is coming to Texas

Douglas Elliman is coming to Texas
Douglas Elliman chairman Howard Lorber (Credit: Getty Images and iStock)

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax
Ramona Singer (Getty)

“Real Housewife” trades reality TV for selling real estate

“Real Housewife” trades reality TV for selling real estate
Howard Lorber (Getty, iStock)

Elliman reports $12M profit in third quarter after a year of heavy losses

Elliman reports $12M profit in third quarter after a year of heavy losses
(iStock)

Manhattan home sales improving as suburban hot streak continues

Manhattan home sales improving as suburban hot streak continues
Single-family saves the day. Q3 resi sales up in South Florida

Single-family saves the day. Q3 resi sales up in South Florida

Single-family saves the day. Q3 resi sales up in South Florida
(Getty)

Brooklyn home sales fell at a record rate in Q3

Brooklyn home sales fell at a record rate in Q3
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...