Greenberg Faces Contract Suit Over Failed Real Estate Deal

Law360, New York (December 19, 2011, 10:29 PM EST) -- A group of real estate developers on Monday accused Greenberg Traurig LLP and a former shareholder of breaching a contract by botching the transaction of a building in downtown Los Angeles, allegedly costing the developers more than $5 million.

The real estate investors and developers, including LADT LLC, LABAR LLC, LA ABC LLC, Manhattan Loft LLC and others, accuse the firm and former shareholder Carol Perrin in California court of failing to adequately plan and record the 2003 purchase of an interest in a Los Angeles...
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