The national ride-share company Lyft is facing a lawsuit in connection with its recent decision to become a publicly traded company. The lawsuit, filed as a class action on behalf or aggrieved investors, stated that the paperwork Lyft filed in order for its stock to be offered to the general public was misleading in several respects.
Like individual Florida residents, corporations in this state have the ability both to sue and to be named as defendants in lawsuits. This means that if an individual, including a corporate officer, director or employee, does something to harm the corporation, the corporation can pursue available legal remedies. The corporation may even be able to demand compensation for its financial losses.
It often makes good sense for two or more people or companies who are joining together in business activities to form a partnership.
Starting a business is a major step for individuals in Florida and elsewhere. Even when it is a small business, it is a venture that should be done with much care and the details worked out. With regards to a partnership, there are many steps to take to ensure it is properly set up and ready to go. And by taking the time to set it up properly, partners in the business could help secure the success and longevity of the partnership.
A seemingly routine lawsuit in Florida involves one of President Trumps' business partners and a developer of Trump Towers, a Fuddruckers restaurant and possibly James Bond's cars. Owners of the Fuddruckers on International Drive in Orlando commenced business litigation against their landlord, the president's former business partner Michael Dezer, over a plan to convert a shopping mall into an automobile museum and tourist attraction.