The momentary restraining order alleges that Tal and Oren Alexander moved the underlying collateral on a mortgage that the agency prolonged to Official Companions two years in the past in a possible try at “dissipating the assets.”
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In a brand new authorized motion in opposition to the embattled Alexander brothers, white-label agency Facet has filed a brief restraining order in opposition to Tal and Oren Alexander, accusing them of transferring the underlying collateral on a mortgage that the agency prolonged to Official Companions two years in the past.
The momentary restraining order asks that Tal and Oren Alexander, in addition to Official Companions New York, be prevented from “selling, transferring, dissipating, or otherwise disposing of any of Defendants’ real property or any of the collateral” on the mortgage prolonged by Facet, Housing Wire reported.
Facet is alleging that the restraining order is warranted as a result of “the Alexanders have moved the collateral in violation of the note and security agreement and refused to identify where the collateral is located, raising legitimate concerns that defendants are in the process of dissipating the assets constituting” the mortgage, the authorized motion states.
The extent of the mortgage is unclear since particulars have been redacted from Facet’s authorized submitting. The Alexanders and Official Companions have been summoned to court docket, however haven’t filed something within the case but.
Representatives for Tal and Oren Alexander didn’t instantly reply to a request for remark. Facet declined to remark.
The motion is a continuation of a authorized battle Facet waged in opposition to the Alexanders in October, suing them for breach of contract and alleging that the brothers did not pay again a promissory be aware and uphold a safety settlement with Facet that dates again to August 2022.
The criticism states that Official Companions agreed to pay Facet the principal sum of a redacted quantity, plus curiosity, as outlined in phrases that had been agreed upon within the be aware. The criticism additionally says that the Alexanders additionally signed the be aware as guarantors.
When Inman reported on the lawsuit in October, the Alexanders’ lawyer, James Cinque, stated that Official had “never missed a payment” and that the swimsuit was a “greedy attempt by Side to take over the business of Official Partners.”
The authorized actions come throughout a tumultuous interval for Oren and Tal Alexander, who throughout the final a number of months turned the recipients of a number of lawsuits alleging that they’d sexually assaulted and raped girls, courting again to no less than 2010.
After the lawsuits had been filed in opposition to them, dozens of girls got here ahead to lawyer Evan Torgan, who’s representing alleged victims Kate Whiteman and Rebecca Mandel, making comparable accusations of assault. Excessive-performing Douglas Elliman brokers Tracy Tutor and Jessica Cohen additionally each instructed The New York Instances that they believed they’d been drugged by one or each of the brothers.
As accusations mounted, Tal and Oren distanced themselves from Official because the agency’s different cofounders — Nicole Oge, Andrew Wachtfogel and Richard Jordan — tried to chart a brand new path for the brokerage. Nevertheless, negotiations with the brothers fell by, and Oge, Wachtfogel and Jordan determined to forfeit their possession within the firm and formally left the agency on Aug. 15.
Tal and Oren Alexander had been affiliated with Douglas Elliman for 10 years earlier than breaking off on their very own to launch Official in 2022. In current months, as extra allegations in opposition to the brothers turned public, management at Douglas Elliman, significantly former Douglas Elliman Inc. Chairman, CEO and President Howard Lorber, got here beneath scrutiny with new questions raised in regards to the state of the corporate’s tradition.
Following an inner investigation, Douglas Elliman all of a sudden introduced Lorber’s retirement, which was later uncovered by The Wall Road Journal to have been pressured by Douglas Elliman’s board. Simply days after Lorber retired, the agency’s brokerage CEO and President, Scott Durkin, was additionally terminated.
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