The embattled brothers can now say they have one legal action behind them. Terms of the settlement were not immediately disclosed.
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Tal and Oren Alexander have eliminated one of many lawsuits against them in a settlement reached between the brothers and their former white label firm, Side, this week, according to legal filings. Terms of the settlement had not been disclosed as of Friday.
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Side launched the lawsuit back in October, alleging that the brothers and their brokerage, Official Partners, had defaulted on a $4.2 million loan that had been extended to them when they first launched their firm at Side. The lawsuit came after the Alexanders had been sued by multiple women over allegations of sexual assault.
“Side and Official have settled their legal dispute,” a representative from Side told Inman in an email. “While the specific terms of the settlement are confidential, we are pleased to put this behind us and move forward.”
An attorney for Side declined to comment to Inman or share details of the settlement. An attorney for Official and the Alexanders did not immediately respond to a request for comment.
The brothers allegedly failed to make a $1.6 million payment on a promissory note and did not maintain loan collateral, including bank accounts, cash and real estate, according to Side’s legal filings. In November, Side also filed a restraining order against the Alexanders in an attempt to prevent them from selling or moving their loan collateral.
The legal filing on Wednesday also stated that the Side and Official would seek to dismiss with prejudice their pending litigation against each other in Florida, in which Side sought to freeze their assets in that state.
The Alexanders maintain that they had never moved the loan collateral. One of their attorneys, James Cinque, asserted in October that they had “never missed a payment” and that the suit was a “greedy attempt by Side to take over the business of Official Partners.”
Side told Inman at that time that it was “simply seeking repayment for money owed.”
Tal and Oren were top earners at Douglas Elliman before leaving in 2022 to launch Official Partners, backed by Side, along with partners Nicole Oge, Andrew Wachtfogel and Richard Jordan. Once the lawsuits and allegations of sexual assault came to light against the brothers, their cofounders attempted to distance themselves from the Alexanders. At that time, Oren and Tal stepped away from their roles at the firm, and their licenses were no longer active with Side.
After negotiations with the brothers fell through, Oge, Wachtfogel and Jordan decided to forfeit their ownership in the company and officially left the firm on Aug. 15.
Tal, Oren and their brother, Alon, were arrested in December on federal charges of sex trafficking. They are now being held in the Metropolitan Detention Center in Brooklyn, where Sean “Diddy” Combs and United Healthcare CEO accused murderer Luigi Mangione are also being held. The Alexanders’ federal trial is currently scheduled for January 2026.
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Email Lillian Dickerson
