Byrd Campbell announces the launching of a national litigation task force dedicated to pursuing business interruption insurance claims. Given the economic devastation caused by the so-called “COVID-19 Crisis,” estimated to be $380 Billion a month, accountability to restore losses lies with many, including the insurance companies whose policies guard against this type of loss. In anticipation of an onslaught of claims, insurance companies have tried to draw the proverbial line in the sand to discourage insureds, unabashedly announcing they have no intention of paying claims, leaving insureds with little chance but to enlist the help of legal counsel to pursue their rights.

Corporate trial lawyers who practice their craft in the courtroom—particularly those not inclined to pore over legislative updates—may have overlooked some of the recent important changes to the Florida Business Corporation Act (“Act”) effective January 2, 2020, § 607.0101, et seq., F.S., which could have a big impact on their cases. The changes were principally made to harmonize the rules relating to corporations and limited liability companies and were largely derived from the Model Corporation Act.