The Legal Examiner | Florida Tribe Battles Government over COVID-19 Money

George Abney and Kevin Minoli are noted for representing the Miccosukee Tribe of Indians of Florida in Clean Water Act litigation before the U.S. District Court for the Southern District of Florida.

More than a year has passed since the beginning of the COVID-19 pandemic and the filing of the first COVID-19-related securities class actions, and courts are beginning to issue the first round of decisions on motions to dismiss in those cases. This article discusses lessons learned from COVID securities rulings and highlights ongoing litigation and Securities and Exchange Commission enforcement risks market participants should consider.

While there have been relatively few COVID-19-related securities class actions to date, there may be an uptick in the coming year as stock-price drops take time to manifest into litigation. This article outlines what to expect for securities litigation and enforcement in 2021.

George Abney is quoted on a lawsuit filed in the U.S. District Court for the Southern District of Florida by his client, the Miccosukee Tribe of Indians of Florida.

The spread of the coronavirus has rocked the global economy and led to a sudden U.S. stock market decline reminiscent of the 2008 recession, which prompted stock-drop litigation, governmental agency investigations, books and records requests, and shareholder derivative actions regarding board oversight. It is important for boards and senior management to consider how COVID-19 may lead to similar actions and to manage those risks accordingly.