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Fla. Eatery Seeks 11th Circ. Review Of Virus Coverage Suit

A Florida steakhouse has urged the Eleventh Circuit to revive its lawsuit seeking COVID-19 business interruption coverage from its insurer, criticizing a lower court's reliance on an influential opinion in the circuit involving "direct physical loss of or damage to" property. ....

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CBD Co. Exec Can't Dodge Investor's Fraud Claims


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CBD Co. Exec Can t Dodge Investor s Fraud Claims
Law360 (May 7, 2021, 3:59 PM EDT) A Florida federal judge has denied a dismissal bid brought by the chief financial officer of CBD company Apotheca Biosciences Inc. in a suit accusing the company of conning an investor into funding a failing business, finding the investor has sufficiently supported its fraud allegations.
U.S. District Judge Virginia M. Hernandez Covington said in Thursday s order that Harbor Gates Capital LLC has satisfied the four necessary elements to state a fraudulent inducement claim under Florida law, rejecting Chief Financial Officer Saeed Talari s argument that the investor wasn t particular enough in its allegations. ....

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