Updated
Updated · The Real Deal · Oct 15
Solomon Seeks 60-Day Delay in Newmark Suit as Lawyers Say He Went Dark
Updated
Updated · The Real Deal · Oct 15

Solomon Seeks 60-Day Delay in Newmark Suit as Lawyers Say He Went Dark

1 articles · Updated · The Real Deal · Oct 15

Summary

  • A lawyer for Jared Solomon asked a judge for a 60-day extension in Solomon’s employment case against Newmark, saying he has been unable to reach the former executive at Brooklyn’s Metropolitan Detention Center.
  • Newmark opposed the request, arguing Solomon has been communicating with counsel in his criminal case and has simply chosen not to do so in the civil suit.
  • The employment dispute stems from Solomon’s 2024 hiring on a $350,000 annualized draw, his paid leave after a December 2024 indictment, and his claims of wrongful termination, canceled benefits and unpaid commissions.
  • Newmark counters that Solomon concealed the fraud allegations, that the draw was an advance rather than guaranteed pay, and that he owed the brokerage $250,000 when it cut ties.
  • The civil fight now runs alongside Solomon’s criminal case, in which he was convicted in April of stealing more than $9.5 million from Vornado over 15 years and is set to be sentenced on Nov. 5.

Insights

Is a notorious Brooklyn jail truly blocking a disgraced real estate executive from his lawsuit, or is he dodging a massive corporate counterclaim?
Can a global brokerage firm claw back executive payouts when a star hire's secret $9.5 million fraud scheme finally unravels?