BrokerageIndustry News

Appeal filed in Corcoran client list case

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Editor's note: This article is reposted with permission by The Real Deal. Click here to view the original article. By CANDACE TAYLOR NEW YORK -- Aiming to send a message to the real estate industry, former Corcoran Group agent Sarit Shmueli has filed to appeal a recent court ruling stripping her of punitive damages a jury awarded her after she claimed the company stole her electronic client list. Three years ago, the New York State Supreme Court found in favor of Shmueli, who had sued the company claiming that Corcoran, and in particular, Executive Vice President Tresa Hall, had stolen her client list "deliberately and maliciously" from her computer after Shmueli was fired. Shmueli was awarded $400,000 in compensation and $1.2 million in punitive damages. Corcoran appealed the decision, and the Appellate Division in December 2009 upheld the compensatory damages ruling, but decided to vacate the punitive damage award on the grounds that "precluding a termina...