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State Farm and Katrina
Shocking the insurance industry, a federal judge in Mississippi took matters into his own hands when he rendered a judgment as a matter of law in favor of a Mississippi policyholder concerning Hurricane Katrina damage. On oral cross-motions for directed verdict, Judge LT Senter of the U.S. District Court for the Southern District of Mississippi found that State Farm erroneously denied Norman and Genevieve Broussard's insurance claims arising out of Hurricane Katrina because State Farm failed to carry its burden in proving the application of the water damage exclusion. Prior to trial, State Farm had paid the Broussards no money for their home that was reduced to a slab during the hurricane.
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.