Celena Nash of the Law Offices of Celena R. Nash. Courtesy photo Florida's Latest Community Association Bill (HB 1021): Enhancing Governance and Transparency
The passage of HB 1021 marks a significant shift in the governance and management of community associations in Florida. Effective from July…
August 27, 2024 at 09:01 AM
7 minute read
Board of Contributors
The passage of HB 1021 marks a significant shift in the governance and management of community associations in Florida. Effective from July 1, 2024, this comprehensive legislation introduces a multitude of changes aimed at improving transparency, accountability, and operational efficiency within community associations. This article delves into the key provisions of the bill and their implications for Community Association Managers (CAMs), condominium associations, and cooperative associations.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
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