{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-120153","form_type":"8-K","ticker":"DOUG","cik":"0001878897","company_name":"Douglas Elliman Inc.","filed_at":"2024-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.059612+00:00","generated_at":"2026-06-03T05:46:47.134138+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"litigation","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Douglas Elliman settles nationwide commission class actions for $7.75M guaranteed plus $10M contingent","bullets":["Settles Gibson and Umpa class actions on behalf of sellers regarding real estate brokerage fees nationwide.","Guaranteed payment of $7.75M due within 30 business days of preliminary court approval, expected Q2 2024.","Up to $5M contingent payment due by Dec 2025 if cash balance >= $40M; additional $5M by Dec 2026.","Agreed to business practice changes: disclose commissions are negotiable, no mandatory compensation offers, training.","Settlement is not an admission of liability; company denies allegations; subject to final court approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-120153","json":"https://secwatch.observer/filing/0001193125-24-120153.json","markdown":"https://secwatch.observer/filing/0001193125-24-120153.md","text":"https://secwatch.observer/filing/0001193125-24-120153.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1878897/000119312524120153/0001193125-24-120153-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1878897/000119312524120153/d825048d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T05:46:47.134138+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1ec9078f11bb05b20be0181705b3ca0bed8a0f93","claim":"Douglas Elliman Inc. entered into Settlement Agreement with the settlement class valued at $7.75 million within 30 business days of preliminary approval, as well as two $5 million contingent (effective 2024-04-26).","evidence_excerpt":"On April 26, 2024, Douglas Elliman Inc. (the “Company”) and its subsidiary, Douglas Elliman Realty, LLC (collectively, “Douglas Elliman”), entered into a settlement agreement (the “Settlement Agreement”) to resolve on a nationwide basis the pending class action litigations, Gibson v. NAR, No. 4:23-cv-00788-SRB (W.D. Mo.) and Umpa v. NAR, 4:23-cv-00945-SRB (W.D. Mo.) (the “Lawsuits”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1878897/000119312524120153/0001193125-24-120153-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"the settlement class"},{"label":"Value","value":"$7.75 million within 30 business days of preliminary approval, as well as two $5 million contingent"},{"label":"Effective","value":"2024-04-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}