Delaware’s famous Court of Chancery, now 234 years old, usually hears staid civil business dispute cases turning on dry, complicated, sleep-inducing contract language and mind-numbing lawyering. But every once in a while, a case pops up like Los Angeles City Employees’ Retirement System, on behalf of eXp World Holdings Inc. v. Glenn Sanford, Randall Miles, Dan Cahir, Jason Gesing, Eugene Frederick and James Bramble.Â
The shocking claim: To enhance their personal wealth, leaders of the parent company of eXp Realty, a big publicly traded real estate brokerage incorporated in Delaware, largely turned a blind eye to allegations some of their biggest agents sexually assaulted fellow agents in Las Vegas and other cities. A judge’s recent ruling in Wilmington will allow the case to proceed.
Of course, most everything, especially liability, is being denied. But in a big way the eXp 6, as I might call the half-dozen defendants, still become the newest candidates for my long-running list, It Didn’t Stay Here. The criterion is simple: people in trouble elsewhere for something that happened in Las Vegas. The list is my New to Las Vegas rebuttal to “What Happens Here, Stays Here,” for many years the famous marketing slogan of the Las Vegas Convention and Visitors Authority. You can see a list of the nominees nearby. A lawsuit like this is definitely trouble. Continue reading



