Sapir Org slams Rotem Rosen with $100M lawsuit

Rosen, who was married to Zina Sapir and worked at the family firm, sued Sapir last year

National /
Jul.July 20, 2020 09:55 AM
Alex Sapir and Rotem Rosen (Getty, iStock)

Alex Sapir and Rotem Rosen (Getty, iStock)

A real estate family that worked with the Trump Organization in the mid aughts has filed a lawsuit against a former business partner, seeking at least $100 million in damages.

Alex Sapir, who is president and CEO of the Sapir Organization, alleges that Rotem Rosen worked to “siphon tens of millions of dollars, misappropriate proprietary information, and violate the contractual terms of his ouster from the Sapir family and its business,” Sapir’s lawyer told Bloomberg.

The lawsuit also alleges that while Rosen negotiated his exit from the company in 2017, Omer Rosen, his brother and the Sapir Organization’s general counsel, stole some 1,500 sensitive company documents.

An attorney for Rosen said the allegations were “untrue” and “a desperate attempt to distract from Rotem’s meritorious claims against the Sapir Estate,” referring to a suit the developer brought against the Sapir family last year.

Drama has swirled in the family since at least 2017 when Zina Sapir, sister to Alex and daughter of company founder and Soviet emigre Tamir Sapir, filed for divorce against Rosen.

It was the same year Alex tried, and failed, to take the company private — a task he recently succeeded at.

Zina and Rotem were married in 2007 at Trump’s Mar-a-Lago resort in Palm Beach, Florida, while Trump Soho — a collaborative project between the families — was under construction.

Tamir Sapir died in 2014, and Trump Soho was renamed the Dominick in 2017 after years of financial struggle.

Following the divorce, Rosen filed a $103 million lawsuit against Tamir Sapir’s estate, claiming he was owed compensation for deals prior to his exit from the company. [Bloomberg] — Orion Jones

 

Related Articles

arrow_forward_ios
From left: Rotem Rosen, Zina Sapir, Tamir Sapir, Bella Sapir, Elena Sapir, and Alex Sapir (Credit: Getty Images)
Alex Sapir accused of mismanaging family fortune amid feud with Rotem Rosen
Alex Sapir accused of mismanaging family fortune amid feud with Rotem Rosen
After 17 years, Ossining stops project on technicality: lawsuit
After 17 years, Ossining stops project on technicality: lawsuit
After 17 years, Ossining stops project on technicality: lawsuit
WeWork, Neumann join forces against Sapir in lease dispute
WeWork, Neumann join forces against Sapir in lease dispute
WeWork, Neumann join forces against Sapir in lease dispute
Redfin CEO Glenn Kelman (Redfin, iStock)
Service divide at forefront of Redfin discrimination suit
Service divide at forefront of Redfin discrimination suit
Eric Adams, mayor of New York City (Getty Images, iStock/Illustration by Steven Dilakian for The Real Deal)
Staten Island real estate firm sues city over vaccine mandate
Staten Island real estate firm sues city over vaccine mandate
HFZ's Ziel Feldman, The Chatsworth at  344 West 72nd Street and Nir Meir (Getty, Google Maps/Illustration by Kevin Rebong for The Real Deal) 
Chaos at the Chatsworth: Co-op says HFZ plundered reserves
Chaos at the Chatsworth: Co-op says HFZ plundered reserves
From left: RE/MAX CEO Adam Contos, KW CEO Carl Liebert, Home Services of America CEO Gina Blefari, Realogy Holdings' Ryan M. Schneider (Photos via Facebook, KW, Home Services)
Judge denies motion to dismiss broker commissions lawsuit
Judge denies motion to dismiss broker commissions lawsuit
Strulovitch lender Marvin Azrak of Maguire Capital with three of the landlord's buildings
Chaskiel Strulovitch saves 18 of his 31 buildings with costly loan
Chaskiel Strulovitch saves 18 of his 31 buildings with costly loan
arrow_forward_ios

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

Loading...