Newmark settles derivative suit over CEO's $50M bonus; insurer pays $50M to company

NEWMARK GROUP, INC.

Settlement of $50M from D&O insurance resolves claims challenging $50M bonus to Executive Chairman Howard Lutnick and $146M partnership unit exchanges.
Subject to Delaware Court of Chancery approval at hearing on May 5, 2025.
No admission of liability; defendants deny wrongdoing; plaintiffs' counsel seeks 25% of settlement plus expenses.
Funds paid to Newmark; shareholders benefit indirectly; no direct distributions.

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