Business Interruption Claim Raises Triable Issue as to Viability of New Business, Court Finds
In business interruption case, court denies insurer’s summary judgment motion, finding plaintiff’s breach of contract suit raises many issues of material fact, including whether plaintiff’s fledgling business was ever viable and, but for insurer’s refusal to pay claim, could have resumed operations.
Optical Works & Logistics, LLC v. Sentinel Ins. Co.
In business interruption case, court denies insurer’s summary judgment motion, finding plaintiff’s breach of contract suit raises many issues of material fact, including whether plaintiff’s fledgling business was ever viable and, but for insurer’s refusal to pay claim, could have resumed operations.
Fair Market Value of Converted Assets Established Using Unconsummated Offers
The U.S. Court of Appeals for the District of Columbia affirmed the lower court’s valuation of assets converted by the Palestine Liberation Organization.
Cede & Co. v. Technicolor (DE Supreme Court)
At issue is the date of appraisal of the fair market value of 201,200 shares of the common stock of respondent-appellee.
And the Cede Goes on: The Never-Ending Appraisal Action Requires New Trial
This dissenting shareholder appraisal action was originally filed March 18, 1983.