The first PIP lawsuit to reach the Florida Supreme Court (Lasky v. State Farm Insurance.WEST PALM BEACH, Fla. Free to reach out to Cari Dawson, chair of the Class Action Team, or your. , Palm Beach Cty. Aug. We issued the old notes on January 28, 2005 in a transaction not requiring registration under the Securities Act.
However, it is only the first of a multitude of lawsuits, and, as such, may not be the last. There is a lot of controversy to resolve within this case. A key point to keep in mind here is whether the PIP Act, as enacted, is constitutional. The statute is at odds with the original drafting in the 1960s with regard to the state's power to regulate securities. In the end, it is important to understand, as this case may ultimately wind up on the U.S. Supreme Court, where the justices will be deciding if the Second Amendment applies to the states, or not. In a recent decision (In re. Smith Estate) the U.S. Supreme Court concluded (as it must with any case to be appealed here), that state law on gun ownership is determined at the federal level, and the Second Amendment does not apply to the states. However, the case is not as simple as it appears from this single decision.
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