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NEWS & NOTES

George Befeler and Priscilla Jimenez represented Insigneo in the negotiation of Class A office space on Brickell Avenue.

Tuesday, March 9, 2021

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.

Tuesday, January 19, 2021

Argument that COVID-19 does not cause physical damage prevails in early business interruption ruling.

Monday, July 13, 2020

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.

Tuesday, April 21, 2020

The information contained herein is not legal advice, is not to be acted on as such, and is subject to change without notice.

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Force Majeure and Other Issues Related to the Coronavirus (COVID-19) Pandemic – Updated April 6, 2020.

Wednesday, March 25, 2020

The information contained herein is not legal advice, is not to be acted on as such, and is subject to change without notice.

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Coronavirus (COVID-19) Pandemic Assistance Programs.

Wednesday, March 25, 2020

The information contained herein is not legal advice, is not to be acted on as such, and is subject to change without notice.

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Paul L. Robinson joins Homer Bonner Jacobs Ortiz as a partner.

Wednesday, September 25, 2019

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Russell Koonin joins Homer Bonner Jacobs Ortiz as a partner.

Monday, September 16, 2019

Peter Homer Awarded 2020 Lawyer of the Year for his work in Securities Regulation within Miami.

Wednesday, August 21, 2019

Homer Bonner Jacobs changes its name to Homer Bonner Jacobs Ortiz in recognition of Jose A. Ortiz joining the firm.

Monday, June 24, 2019

The firm helps banking client win a directed verdict in federal jury trial in Middle District of Florida.

Thursday, April 4, 2019

Jose A. Ortiz joins Homer Bonner Jacobs.

Tuesday, March 12, 2019