Alexander brothers settle breach of contract lawsuit with Side

By Housing News

The
Alexanders
have
one
less
legal
problem
to
worry
about.
A
San
Francisco
judge
approved
of
a
settlement
between
white-label
brokerage

Side

and
the
defunct
brokerage

Official
Partners

on
Side’s
breach
of
contract
lawsuit
in
which
it
accused
Tal
and
Oren
Alexander
of
defaulting
on
a
loan. 

Side

filed
the
complaint

in
October
claiming
that

the
brothers

committed
multiple
events
of
default
on
a
$4.2
million
promissory
note
extended
to
Official
after
the
brothers
moved
from

Douglas
Elliman

to
Side.

Among
the
events
are
failing
to
make
a
$1.6
million
payment,
dissociating
their
New
York
City
real
estate
licenses
and
failure
to
maintain
the
collateral
on
the
loan,
which
included
bank
accounts,
cash
and
real
estate.

In
subsequent
court
filings,

the
Alexanders
claim

Side
unilaterally
dissociated
their
real
estate
licenses
and
refused
to
reinstate
them.
While
Side
was
granted
a
temporary
restraining
order
that
froze
the
collateral
on
the
loan,
the
brothers
maintain
that
they
did
not
move
it.

Terms
of
the
settlement
have
not
been
filed.
Representatives
for
both
parties
did
not
respond
to
requests
for
comment.

Tal
and
Oren
Alexander
were
once
stars
of
the
New
York
City
and
Miami
luxury
real
estate
worlds,
having
represented
ultrawealthy
and
celebrity
clients,
including
Fanatics
CEO
Michael
Rubin,
rappers
Kanye
West
and
Jay-Z,
and
former
New
England
Patriots
quarterback
Tom
Brady.

They
were
the
top
earners
at
Elliman
but
left
in
2022
to
found
Official
Partners
with
Side,
at
which
point
they
were
granted
the
loan
at
the
center
of
the
lawsuit.

But
in
March
of
2023,

two
women

filed
civil
lawsuits
against
Oren
and
his
twin
brother
Alon,
alleging
they
were
drugged
and
raped
in
separate
incidents.
In
response,

more
women

came
forward,
and
at
least

17
civil
suits

have
been
filed
against
one
or
more
of
the
brothers.

All
three
Alexanders
were

arrested

in
December
on
state
and
federal
sex
trafficking
charges
that
allege
they’ve
systematically
drugged
and
raped
dozen
of
women
dating
back
as
far
as
high
school. 

They
are
currently
held
in
a
federal
facility
in
Brooklyn,
the
same
one
holding
rapper
Puffy
Daddy
and
Luigi
Mangione,
the
alleged
murderer
of
health
insurance
executive
Brian
Thompson.

 

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