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Florida created both social purpose corporations and benefit corporations in 2014. [4] The main difference between the two is that B corporations must pursue a "general public benefit", which applies to all of the company's activities, while SPCs may pursue a public benefit in limited areas. [ 5 ]
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The Florida Constitution, in Article V, Section 2(a), vests the power to adopt rules for the "practice and procedure in all courts" in the Florida Supreme Court, which has adopted the Florida Rules of Civil Procedure. Although Title VI of the Florida Statutes is labeled "Civil Practice and Procedure", the statutes it contains are limited to ...
Criminal liability of chief executive officer of a corporation for the misdeeds of the company Blue Chip Stamps v. Manor Drug Stores: 421 U.S. 723 (1975) Private damages actions under Rule 10b-5 is confined to actual purchasers or sellers of securities: Bigelow v. Virginia: 421 U.S. 809 (1975) First Amendment and commercial speech: Cort v. Ash ...
ILR advocates for a number of state and federal policy positions related to civil justice reform. These include policies to provide more transparency in the asbestos bankruptcy trust system, class-action lawsuit reform, spotlighting third-party litigation funding and lawsuit lending, reforms to the False Claims Act and Foreign Corrupt Practices Act, among others.
The statutory and fiduciary mandate of the State Board of Administration of Florida (SBA) is to invest, manage and safeguard assets of the Florida Retirement System (FRS) Trust Fund as well as the assets of a variety of other funds. The SBA manages 25 different investment funds and trust clients.
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