Wendy DiVecchio suggests that disagreement with the board regarding LVR’s ownership of its MLS may have led to her suspension, investigation, and subsequent termination last week.
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The CEO of Las Vegas Realtors, who was suspended due to fraud allegations, claims she was wrongfully terminated after experiencing medical issues and a dispute over the organization’s ownership of the local MLS.
These details emerged from a lawsuit filed by Wendy DiVecchio after being placed on leave in the summer of last year and eventually fired on Jan. 27. She is now suing the organization and former board members, alleging improper termination, defamation, and breach of contract.
The lawsuit revolves around claims of election tampering that arose in August, leading to DiVecchio’s suspension and subsequent investigation. The organization faced turmoil, including a physical altercation at a meeting last year.
DiVecchio stated that the disagreement with the board was centered on the relationship between LVR and the MLS owned by LVR, which she controlled.
Further details about the disagreement were not provided in the complaint, and it is unclear whether the disagreement pertained to severing ties with the MLS. The Las Vegas Realtors did not immediately respond to requests for comment on the allegations.
The former CEO alleged her reputation was damaged due to premature disclosure of investigation details by the board before completion, as mentioned in the complaint.
DiVecchio’s contract stipulated her role as CEO until 2032, and she had a clean record with no disciplinary action or negative reviews during her 25-year tenure with the organization.
The investigation lasted four months, during which DiVecchio was prohibited from contacting the organization’s members, as disclosed in the complaint.
The Las Vegas Review-Journalreported on Aug. 13 about the election tampering, leading to DiVecchio’s suspension.
The complaint highlighted resignations and removals of board members during the investigation period. Perry and Campa resigned while Lavell’s status remained unclear, as detailed in the lawsuit.
The lawsuit also mentioned Perry and Campa’s resignations, suggesting motives behind distancing themselves from negative publicity linked to election actions and the investigation involving DiVecchio.
DiVecchio reported experiencing a medical episode during a meeting in August, causing conflict with board members, as outlined in the complaint.
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