Case Updates

REID COLLINS OBTAINS ELEVENTH CIRCUIT REVERSAL AND KEY PRECEDENT IN CLOSELY WATCHED HELMS-BURTON ACT CASE

On January 2, 2025, a panel of the Eleventh Circuit Court of Appeals unanimously reversed a decision by the U.S. District Court for the Southern District of Florida that had dismissed claims brought by Reid Collins’ client North American Sugar Industries, Inc. (“NAS”) under the Helms-Burton Act.

Prior to the Communist Revolution, NAS owned and operated a port in Cuba that the Castro regime confiscated. Under the Helms-Burton Act’s private right of action, NAS is asserting trafficking claims against a Chinese wind-energy company and a group of shipping and logistics companies that engaged in a scheme to traffic in NAS’s confiscated port, including by shipping wind turbines through the Port of Miami en route to Cuba. Before Reid Collins took over the case on appeal, the District Court dismissed all claims for lack of personal jurisdiction based on its holding that the only relevant conduct occurred in Cuba. In a published and precedential opinion, the Eleventh Circuit rejected this narrow view of what constitutes trafficking under the Act and instead endorsed the broad interpretation that NAS advanced on appeal, including that unlawful trafficking can encompass activities outside of Cuba. In remanding the action for further proceedings, the Eleventh Circuit additionally found that the District Court misapplied the legal and factual standards that apply to a motion to dismiss for lack of personal jurisdiction.

Congratulations to the Reid Collins trial team – Craig Boneau, Ryan Goldstein, Scott Saldana, Rob LaCroix, and Aaron Brown.

The Eleventh Circuit case is captioned North American Sugar Industries, Inc. v. Xinjiang Goldwind Science & Technology Co., Ltd., et al., No. 23-10126 (11th Cir.).

A copy of the decision can be downloaded by clicking here.

JUUL SHAREHOLDER ALERT: REID COLLINS & TSAI LLP INVESTIGATING JUUL LABS, INC. FOR BREACHES OF FIDUCIARY DUTY

WILMINGTON, DE – August 9, 2024 – Reid Collins & Tsai LLP is investigating potential breach of fiduciary duty claims against current and former directors of Juul Labs, Inc. The transactions under investigation arise in connection with a recent investment by Juul insiders that enhanced their influence and control over the company at the expense of minority investors, whose stake in the company has been sharply diluted.

If you currently own shares of Juul and want to receive additional information free of charge so you can consider protection of your investment, please get in touch by contacting William T. Reid, IV, Esq. by email (wreid@reidcollins.com) or by phone (512-647-6100).

REID COLLINS SUCCESSFULLY RESOLVES PARTNERSHIP DISPUTE INVOLVING EMERALD LAKE CAPITAL MANAGEMENT FOLLOWING TWO-WEEK ARBITRATION

Reid Collins represented Carling O’Brien, a former partner and co-founder of Emerald Lake Capital Management, in an arbitration proceeding against Emerald Lake, Dan Lukas, and others. O’Brien alleged that Lukas improperly terminated her for cause in a bad-faith scheme to confiscate her valuable partnership stake and carried interest grants. The Reid Collins team, led by Managing Partner Lisa Tsai and Ryan Goldstein, tried the case in a two-week arbitration hearing in Los Angeles in August and September 2023.  After the three-judge panel issued an Interim Decision in March 2024, the parties successfully settled their dispute on confidential terms in May 2024.

See complaint here.

See WSJ story here.

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Prior results do not guarantee a similar outcome.