Monthly Archives: February 2022
Shareholder Derivative Claims: What Is A Special Litigation Committee (SLC)?
There are two main types of shareholder lawsuits: Direct action and a derivative claim. The Cornell Legal Information Institute defines a shareholder derivative action as “lawsuit brought by a shareholder on behalf of a corporation.” A minority shareholder may pursue derivative litigation when they believe that the company itself has a valid claim, but… Read More »
How Do Business Competitors File A Claim Under The FDUTPA?
The Florida Deceptive and Unfair Trade Practices Act (FDUTPA) prohibits companies from using misleading, abusive, and otherwise unlawful practices to sell products and services. The FDUTPA is well-known as an important consumer protection law. What is less known is that the state statute also provides legal remedies to competitors of businesses that have engaged… Read More »
What Are The Remedies For Breach Of A Partnership Agreement?
Partnerships are among the most common business entities in Florida. Whether you are part of a general partnership (GP), limited partnership (LP), limited liability partnership (LLP), or limited liability limited partnership (LLLP), you should have a professionally-written partnership agreement in place. Your partnership agreement is the basis of your rights and responsibilities. This raises… Read More »
Teva Pharmaceutical Industries Settles $420 Million Shareholder Lawsuit
A massive settlement has been reached in a major shareholder lawsuit over the pricing of generic drugs. According to reporting from Reuters, Teva Pharmaceutical Industries—the Israeli multinational pharmaceutical company—will pay approximately $420 million to resolve an outstanding claim by shareholders. The world’s second largest manufacturer of generic drugs, Teva Pharmaceutical Industries recently faced legal… Read More »
Fatal Bicycle Accident Reported In West Palm Beach
Tragic news was reported over the weekend involving a woman falling to her death in a drawbridge accident. Details are still murky, but WPBF News is reporting that an investigation is underway in West Palm Beach into how and why a woman fell to her death while crossing a drawbridge that went up while… Read More »
Another Win For Pike & Lustig: $23.8 Million Verdict Returned In Broward County For Construction Laborer
The case of Jovani Verduzco, a 22-year-old inexperienced construction laborer, whose legs were violently pinned between a front loader machine and bucket on a Davie construction site back in April 2016, was horrifying to all who witnessed the hour-plus rescue broadcast on live television. Mr. Verduzco was injured while attempting to operate a Bobcat… Read More »
If You’re Buying A Business, Don’t Forget About The Liabilities
When you buy a business, or are looking to buy a business, you probably give a lot of thought to the assets you are buying. Valuing the inventory, machinery, or accounts receivable of the purchased business are all common considerations. But what about liabilities? Many people buy businesses and give little thought about whether… Read More »
Pike & Lustig Attorneys Delivered $80 Million Verdict
Pike & Lustig attorneys Daniel Lustig and Robert C. “Burr” Johnson have just been delivered one of the largest verdicts in Palm Beach County history – $80 million. They represented the parents of a Lake Worth teenager killed by a truck while walking to school bus stop. The lawsuit was against the driver of… Read More »
It Just Got Easier To Have A Home Based Business
It used to be that if you wanted to run a business from your home, you had to worry about a number of laws, from permitting laws to zoning regulations, all which would have made your home based business illegal. But a new law in Florida is now going to make opening and operating… Read More »
The Differences Between A Loan And An Investment
You have a business project that will need funding. You go to a friend or a business associate, and they agree to help you with the project. Fast forward a few years later—the project was not as successful as planned. Your friend wants their money back, but you didn’t recall them ever loaning you… Read More »
