Stefano Santoro sues ex-brokerage over email list, alleges stolen trade secrets

Santoro recently joined Current Real Estate Advisors

Miami /
Oct.October 29, 2020 06:35 PM
 Stefano Santoro, Miguel Pinto and Martin Bravo (Apex)

Stefano Santoro, Miguel Pinto and Martin Bravo (Apex)

A Miami commercial broker is suing his former firm, alleging the company illegally accessed his email account and list of contacts.

Stefano Santoro filed the lawsuit in Miami-Dade Circuit Court earlier this month against Miami-based Apex Capital Realty, Miguel Pinto and Martin Bravo, alleging “the theft of trade secrets” and intellectual property. Santoro was recently hired by Current Real Estate Advisors to lead its Miami office as managing partner.

Both Santoro and Pinto declined to comment.

Santoro, previously an independent contractor working for Apex, is seeking damages in excess of $30,000. He’s alleging that Apex’s use of his email contact list equates to the firm and its principals using trade secrets. He joined Apex in June 2019 and left in July of this year.

As part of his agreement with Apex, Santoro, through his company Meatball LLC, collected 75 percent of the commissions he made, while Apex kept 25 percent, according to the documents attached to the suit. For any listing or sales referrals made by the broker, the broker would collect a 50 percent referral fee before the commission split.

The complaint states that Pinto and Bravo downloaded Santoro’s 6,000-plus contact list without Santoro’s consent after he left the brokerage. It alleges that Pinto and Bravo, through what the complaint states is their “alter ego,” Apex, have been sending out publicity emails to his contact list to “solicit his customers’ real estate business for themselves.”

At Apex, Santoro worked on deals that included the $40 million sale of an oceanfront Miami Beach development site, as well as a Wynwood assemblage that L&L Holding Company and Carpe Real Estate Partners are under contract to purchase. He worked on four deals over the course of the year while he hung his license at Apex, the lawsuit alleges.





    Related Articles

    arrow_forward_ios
    RIley Smith (Compass)
    Riley Smith Group leaves EWM for Compass
    Riley Smith Group leaves EWM for Compass
    Skye Louis' Jud Henry with Keyes' Steven Reibel and Mike Pappas (LinkedIn, The Keyes Company, iStock)
    Keyes acquires 140-agent brokerage in Broward, Palm Beach
    Keyes acquires 140-agent brokerage in Broward, Palm Beach
    From left: ISG World's Christian Fernandez and DaGrosa Capital Partners' Joseph DaGrosa, Jr. (ISG World, DaGrosa Capital Partners)
    Movers & Shakers: ISG hires new sales chief amid international expansion
    Movers & Shakers: ISG hires new sales chief amid international expansion
    Centro Miami
    Harvey Hernandez sells Centro Miami units for $3M, avoiding foreclosure
    Harvey Hernandez sells Centro Miami units for $3M, avoiding foreclosure
    Mayor Shlomo Danzinger and a rendering of Fort Partners’ Hillcrest by the Sea (Facebook, iStock, rendering by O' Donnell Dannwolf & Partners Architects)
    Town of Surfside sued after approving project next to aging condo building
    Town of Surfside sued after approving project next to aging condo building
    Techrin Hijazi with Maggie Kurtz (CBRE)
    Movers & Shakers: Techrin Hijazi starts her own brokerage
    Movers & Shakers: Techrin Hijazi starts her own brokerage
    The O’Dare Boga Group in Vero Beach (One Sotheby's)
    One Sotheby’s snags top Vero Beach team as part of Florida expansion
    One Sotheby’s snags top Vero Beach team as part of Florida expansion
    The lot where the Champlain Towers South once stood with Terra's David Martin, John Moriarty & Associates president John Moriarty, Davide Bizzi of Bizzi & Partners (Terra, Moriarty & Associates, Getty, RisMedia)
    $1B Surfside settlement signals condo association, construction insurance premium hikes
    $1B Surfside settlement signals condo association, construction insurance premium hikes
    arrow_forward_ios

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

    Loading...