An amended complaint from former Keller Williams CEO John Davis now accuses the company and its co-founder of embezzlement.
Davis's attempt to overturn a ruling sending the case to arbitration failed after a three-judge panel granted a motion to dismiss filed by Keller, Keller Williams and former KW President Josh Team.
U.S. District Judge Reed O'Connor on Monday granted a motion to compel arbitration in Davis’s case filed in February by Keller Williams, Gary Keller and former KW President Josh Team.
Former Keller Williams CEO John Davis says he wants his claims decided through a public trial rather than arbitration. KW says Davis's claims are "unsubstantiated, unwarranted, and disparaging."
A fraud lawsuit filed by Davis against Keller, Keller Williams and Josh Team will continue separately from a sexual misconduct suit filed by Inga Dow against Davis, Keller, and KW.
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Gary Keller said the company will begin a "66-day challenge of locking down stabilization" of its core technology platform, including its customer relationship management tool Command.
Big changes like this always garner questions and speculation. But here's the deal: Building a business is messy at the best of times, and it can get really messy when it's part of an industry that is changing as rapidly as real estate. Like with most growing organizations, leadership changes over time, but Gary Keller's message has not.
One Keller Williams agent called the timing of the announcement "awkward" while others decried the fact that no women or people of color were included in the recent leadership promotions.
The founder of Keller Williams says Josh Team's departure was "amicable and mutual" and Marc King was promoted to "lead, inspire, and educate."
Marc King's ascension from the co-director of growth to the top role overseeing the franchisor's residential real estate business comes hours after outgoing President Josh Team announced his departure on Facebook.