'Million Dollar Listing' star Josh Altman, his brother, Matt Altman, and real estate firm are being sued for $3.7M for 'steering a client in the wrong direction'

Million Dollar Listing star Josh Altman, 38, and brother Matt, 41, have been sued
The Altmans were sued along with real estate firm Hilton and Hyland for $3.7M
Peter Kleidman claimed in suit he gave firm, where the Altmans worked in 2012, the listing for his home, but was forced to file for bankruptcy two months later
A year later, the firm reportedly sold Kleidman's home for $5.3M to a buyer
The buyer then flipped the property for a profit of 'at least $10M,' suit alleges
Kleidman claimed if he knew he could sell his home for a higher value

Published: 23:08 GMT, 27 December 2017 | Updated: 13:59 GMT, 28 December 2017

e-mail

134

View
comments

Million Dollar Listing star Josh Altman, his brother and a real estate firm are being sued for $3.7 million for allegedly steering a client in the wrong direction during a 2012 sale.

The federal court documents obtained by Page Six on Wednesday, Peter Kleidman named Altman, 38, his brother Matt Altman, 41, and Hilton & Hyland in the suit that was filed last January.

Kleidman claimed in the suit that he gave Hilton & Hyland, the firm where the Altmans worked at the time, the listing for his home in December 2012, but he was forced to file for bankruptcy two months later.

Million Dollar Listing star Josh Altman (right), his brother, Matt Altman (left) and real estate firm, Hilton & Hyland, are being sued for $3.7 million for allegedly steering a client in the wrong direction during a 2012 sale

Peter Kleidman claimed in the suit that he gave Hilton & Hyland, the firm where the Altmans worked at the time, the listing for his home in December 2012, but he was forced to file for bankruptcy two months later. Pictured is Josh Altman with his wife Heather

A year later, the firm sold his home for $5.3 million, and the firm represented both the buyer and Peter in the deal, according to Page Six.

Matt and Josh only represented the buyer.

In the suit, Kleidman alleged that once the buyer bought his property, he flipped the home for a profit of 'at least $10 million'.

But, the suit claims, Hilton & Hyland and the Altmans 'did not disclose their knowledge of the two different valuations because they 'were allied far more strongly to [the] buyer', according to Page Six.

Kleidman claimed if he knew he could sell his home for a higher value, he 'would likely have been unwilling to sell the property for $5.3 million'.

He is asking the court to cancel the residential listing agreement they made and seeking an undisclosed amount in damages.

A year later, the firm sold his home for $5.3 million. In the suit, Kleidman alleged that the buyer flipped the home for a profit of 'at least $10M'. Kleidman claimed if he knew he could sell his home for a higher value, he probably wouldn't have sold it. Pictured are the Altman brothers

The Altmans have asked the court to dismiss the suit, but Kleidman filed an amended complaint to continue the case on December 11. Pictured is Hilton and Hyland where the Altman brothers worked at the time of the sale

The Altmans have asked the court to dismiss the suit, but Kleidman filed an amended complaint to continue the case on December 11.

'Fortunately and unfortunately, when you're at the top of the real estate game, you're a target for frivolous lawsuits,' the Altman brothers told Page Six.

The Altmans claimed Kleidman had his own agent and they represented the buyer.

'The seller was in bankruptcy and asked the court to approve the sale so that he can pay his creditors. Our buyer gutted the house at a great cost and sold it over a year later for a huge profit,' the Altmans told Page Six.

The case is still open.