Finance

Lutnick Settlement on $50 Million Newmark Bonus Lets Him Keep It

Cantor Fitzgerald’s Newmark Group has insurance to cover pact
Accord comes as Senate weighs Lutnick’s Commerce nomination

Howard Lutnick during a confirmation hearing in Washington on Jan. 29.Photographer: Al Drago/Bloomberg

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By Jef Feeley

February 11, 2025 at 1:02 PM UTC

This article is for subscribers only.

Cantor Fitzgerald LP Chief Executive Officer Howard Lutnick’s settlement of an investor lawsuit over a $50 million bonus lets him keep the money, while the company’s Newmark Group Inc. will be paid back by insurance, according to a court filing.

Details of the settlement, which Newmark and shareholders agreed to in December, were outlined in a filing Friday in Delaware Chancery Court. Erica Chase, a spokesperson for Cantor Fitzgerald, declined to comment on the pact or its terms.