Realty Executives Inc. Sues Former President

Inman.com:

The former president and designated broker of Realty Executives Inc., John E. Foltz, allegedly disparaged the company’s owners in an attempt to undermine their authority and wrest control of the company from them, according to a lawsuit accusing Foltz of fiduciary misconduct and breach of conduct.

Through his attorney, Foltz denied the allegations, maintaining that Realty Executives Inc., also commonly known as Realty Executives of Phoenix, is attempting to break the terms of an employment agreement that was not scheduled to expire in 2015.