Andrew R. Herron and Charles Brumby win jury verdict of over $1 million for unpaid broker commission following week-long trial.
Kevin Jacobs and Tony Hernandez win and obtain confirmation of arbitration awards imposing a constructive trust over future receipts and awarding $12 million in damages for client Loyal Source Government Services, LLC.
The firm is proud to announce that Tony Hernandez has been made a partner at Homer Bonner Jacobs Ortiz.
The firm is proud to announce that Raquel A. Toral has joined Homer Bonner Jacobs Ortiz as an associate.
Anthony M. Diblasi joins Homer Bonner Jacobs Ortiz.
We are proud to announce that Homer Bonner Jacobs Ortiz and two of its partners have been ranked in the Chambers and Partners USA 2023 Guide.
The firm ranked in Litigation: General Commercial: Highly Regarded (Florida) – Band 3 as well as in Litigation: Securities (Florida) – Band 1.
Additionally, two of its partners Jose A. Ortiz and Kevin P. Jacobs ranked in Litigation: General Commercial.
Peter W. Homer, Christopher J. King, and Howard S. Goldfarb obtain a grant, vacate, and remand from the U.S. Supreme Court concerning petition for a writ of certiorari.
George Befeler and Priscilla Jimenez represented Insigneo in the negotiation of Class A office space on Brickell Avenue.
George Befeler and Priscilla Jimenez represented Insigneo in the negotiation of Class A office space on Brickell Ave including the penthouse, other high floor office space, and the prominent building top sign. Insigneo, the Miami-based independent broker-dealer and registered investment advisory firm, was represented by Homer Bonner in the negotiation of a new lease of over 27,000 square feet of Class A office space for its headquarters at 1221 Brickell Avenue, which is located in the heart of Miami’s financial district. The lease includes the building top sign, which will bear the company’s name and new logo. Miami is fast becoming one of the most prominent financial capitals in the nation with many well-known financial institutions moving their operations into the area.
Charles S. Brumby joins Homer Bonner Jacobs Ortiz.
Argument that COVID-19 does not cause physical damage prevails in early business interruption ruling.
On July 2, 2020, a Michigan state court issued one of the first apparent decisions on the merits involving a business interruption claim arising from COVID-19. In that ruling, Gavrilides Management Company, et al. v. Michigan Ins. Co., the judge granted insurer’s motion to dismiss. In applying Michigan law, the court analyzed the policy and determined that mere loss of use or access does not qualify as the “direct physical loss or damage” required for coverage. Moreover, as a second basis for dismissal, the court determined that the policy at issue contained a virus exclusion that applied unambiguously to COVID-19.
In an attempt to avoid dismissal, the claimant argued that the government orders were the cause of the interruption rather than COVID-19 itself. In applying the virus exclusion, however, the judge rejected that argument.
Although the Gavrilides Management ruling is under Michigan law, it considered arguments that are similar to countless other business interruption cases pending around the nation. Given the novel nature of COVID-19, also known as the “novel coronavirus,” courts may look to the Gavrilides Management ruling as persuasive authority. Of course, other decisions will turn on the specific language of the policies, specific exclusions, and the nature of each state’s law on interpretation of contracts and insurance laws. Whether courts do consider Gavrilides Management persuasive authority, insurers will almost certainly cite to it as authority for the proposition that COVID-19 does not cause physical damage, and therefore, does not trigger coverage for business interruption.
Compilation of the U.S. Securities and Exchange Commission’s Advisories in Response to COVID-19.
The information contained herein is not legal advice, is not to be acted on as such, and is subject to change without notice.
Force Majeure and Other Issues Related to the Coronavirus (COVID-19) Pandemic – Updated April 6, 2020.
The information contained herein is not legal advice, is not to be acted on as such, and is subject to change without notice.