Big Four title underwriter fined $2.5M – Robert Khodadadian

, Big Four title underwriter fined $2.5M – Robert Khodadadian, Robert Khodadadian

The New York attorney general penalized one of the nation’s biggest title insurance companies for anti-competitive labor practices. Stewart will pay $2.5 million in a settlement with Letitia James’ office, HousingWire reported. James accused the company — the smallest of the “Big Four” title insurers — of entering into no-poaching agreements with competitors, thwarting employees’ salary hikes and career advancement. The payment represents a tiny fraction of the publicly traded company’s revenue, which exceeded $716

 The New York attorney general penalized one of the nation’s biggest title insurance companies for anti-competitive labor practices. Stewart will pay $2.5 million in a settlement with Letitia James’ office, HousingWire reported. James accused the company — the smallest of the “Big Four” title insurers — of entering into no-poaching agreements with competitors, thwarting employees’ salary hikes and career advancement. The payment represents a tiny fraction of the publicly traded company’s revenue, which exceeded $716
The post Big Four title underwriter fined $2.5M appeared first on New York.  Home Page, Residential Real Estate, crime, Letitia James, title insurance The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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See also  Rare Ownership Opportunity on Gramercy Park Comes to Market on November 11, 2022 at 12:13 am Connect CRE – Robert Khodadadian

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