Major Chicago brokerage sues former company officials

Lawsuit alleges departing exec took proprietary data

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

A lawsuit filed by a major Chicago real estate brokerage alleges that an executive raided confidential and proprietary information and recruited away employees before he left to lead a rival company.

Koenig & Strey GMAC Real Estate and GMAC Home Services LLC filed the lawsuit against its former executive vice president and general manager who now serves as president and chairman of the board for Prudential Preferred Properties in Chicago.