Greenberg Traurig Partner, Wayne Gross, and fellow partner, Alan Greenberg, are featured in a Los Angeles Daily Journal article about their $50 million victory for a Newport Beach real estate developer.

From the article:

Newport’s lawyers at Greenberg & Traurig convinced the jury that Commonfund Realty Investors LLC rescinded a joint venture to renovate the Palladium and build several high-rise hotels and office, condominium and retail buildings. After a four-week trial, the jury last week awarded $16.3 million in compensatory damages and $33.9 million in punitive damages, finding Commonfund breached its fiduciary duty. Newport Capital Advisors LLC v. Common/und Realty Inc., 8C412918, (L.A. County Sup. Court, filed April 27,2010).

“On the one hand, NCA is trying to create architectural masterpieces, versus greed, unchecked ego and abuse of power on the part of Common fund,~ said Wayne Gross, a Greenberg & Traurig shareholder in Irvine.

Read the full article (PDF)