Legal Industry News
June 2, 2009
NY Court Stays Lawsuit Against Greenberg Traurig Real Estate Head
A unanimous appellate panel in New York has issued a stay of the lawsuit NAMA Holdings LLC v. Greenberg Traurig, pending resolution of a substantially similar arbitration proceeding pending in California. The lawsuit accuses Robert J. Ivanhoe, chairman of Green Traurig’s New York office and head of its real estate group, of breaching his fiduciary duties to clients he represented in connection with the development of World Market Center, a multi-billion-dollar real estate project in Las Vegas.
NAMA, a Nevada company, sued Ivanhoe and Greenberg Traurig in April 2008 on behalf of itself and Ivanhoe’s client, Alliance Network LLC, of which…
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