Credit: Connect world/Adobe StockGreenberg Traurig Combines Digital Infrastructure and Real Estate Groups, Anticipating Uptick in Demand
The announcement from the Am Law 50 firm comes the same week OpenAI, SoftBank and Oracle announced plans to invest $500 billion into a project focused on building artificial intelligence infrastructure in the U.S. over the next few years.
January 22, 2025 at 05:00 PM
4 minute read
What You Need to Know
- Greenberg Traurig is consolidating its digital infrastructure and real estate practices.
- The decision to combine the groups came as the firm realized the two teams already cross paths on many deals.
- There's also an increased demand to obtain digital infrastructure as corporations and governments seek more digital power with growing needs in the space.
Greenberg Traurig is integrating its digital infrastructure practice into its real estate group, signaling the continued evolution of the digital space and its needs.
The firm is combining the two practices as the volume of digital infrastructure deals continues increasing and intersecting within the real estate space. With demand for data centers, cloud computing and servers reaching an all time high thanks to the adaptation of artificial intelligence among other things, Greenberg Traurig is adapting its practices to help clients with that demand.
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Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
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Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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