A New York judge has refused to dismiss a suit alleging that Robert J. Ivanhoe, chairman of Greenberg Traurig's New York office and head of its real estate group, disregarded his "legal and fiduciary duties" by taking a personal financial stake in a competitor to a client that had invested in a multibillion-dollar Las Vegas real estate venture. The judge ruled that the principal investor of the client could derivatively sue Ivanhoe and the firm, and that a pending arbitration would not render the suit moot.
Lawsuit Proceeds Against Greenberg Traurig, Real Estate Head
New York Law Journal
November 26, 2008