Douglas Elliman settles derivative lawsuit for $17.5M; fairness hearing June 29

Douglas Elliman Inc.

Settlement payment of $17.5M to the company, funded by insurers, subject to court approval.
Company to implement corporate-governance enhancements as part of settlement terms.
Fairness hearing scheduled for June 29, 2026 at Delaware Court of Chancery.
Settlement resolves breach-of-fiduciary duty claims against current/former directors and officers.
Attorneys' fees to be determined by the court and deducted from the settlement payout.

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