Rita M. Powers

Practice Details

• Firm Information
  Position

  Chicago Co-Managing Shareholder; Co-Chair, Real Estate Litigation Practice

  Firm Name

  Greenberg Traurig, LLP
• Representative Cases & Transactions
  Cases

  Experience: Representative Matters: Obtained more than $70 million in property damage
  business interruption insurance coverage from over a dozen London primary
  excess insurers, as well as three brokers, on the single largest claim arising out of Hurricane Lenny on November 17, 1999, in the British Virgin Isl
  s, resolving lawsuits in both Texas
  London.
  Obtained summary judgment in a declaratory judgment action for Saks, Inc., allowing it to exercise an early termination option as the anchor tenant of a mall, saving it more than $2.5 million in future lease payments.
  Obtained dismissal for a luxury hotel owner of contract
  tort claims brought by a terminated project manager
  general contractor in Arizona
  Missouri federal courts on a $125 million construction project.
  Defeated breach of fiduciary duty, fraud
  related claims brought by a 50-50 passive partner against its operating partner, obtaining dissolution of the partnership
  an award of more than $500,000 in attorneys' fees against the passive partner.
  Obtained summary judgment for Kimco Realty Corporation
  avoided more than $3 million in damages arising out of a shopping center lease termination transaction.
  Obtained summary judgment for the owner of a historic luxury hotel in Chicago in a ground lease dispute.
  Obtained summary judgment for the ground lease tenant of a shopping center against various alleged breach claims
  further summary judgment against the l
  lord for breach of the covenant of quiet enjoyment, including an injunction against future lawsuits
  various sanctions.
  Obtained dismissal of claims by the current owner of the renowned Alex
  er Calder sculpture, The Universe, who attempted to invalidate the former owner's option to re-purchase the sculpture at 50% of its appraised value.
  Represented a national clothing retailer in a lease dispute over a flagship location.
  Represented a national parking garage operator in a lease dispute with a historic Chicago hotel.
  Represented developers
  REITs in various lease
  acquisition disputes at shopping centers nationwide.
  Represented owners, general contractors
  lenders in construction disputes
  mechanics liens, including the primary lender in a $34 million lien dispute over the condo conversion of the Palmolive Building in Chicago.
  Obtained summary judgment on behalf of a GE subsidiary reinsurer in the United States District Court for the Northern District of Illinois with respect to the late notice of approximately $10 million of Personal Injury Protection claims under the parties' long-st
  ing reinsurance treaty. Allstate Insurance Co. v. Employers Reinsurance Corp., 441 F. Supp. 2d 865 (N.D. Ill. 2005).
  Obtained a finding of bad faith, in addition to insurance coverage, in federal court against National Union for a subcontractor under a contractor's CGL Policy. The Edward Gray Corp. v. National Union Fire Ins. Co., No. 94 C 6992, 1997 WL 102542 (N.D. Ill. Mar. 5, 1997), reconsideration denied, 1997 WL 222888 (N.D. Ill. Apr. 24, 1997).
• Additional Links
  http://www.gtlaw.com/People/Rita-M-Powers