Americas Cup Innovation & a Carbon-Free Shipping Future
The Golden Gate Yacht Club (GGYC) represented by BMW Oracle Racing and the Société Nautique de Genève (SNG), the Americas Cup defending champion, represented by Team Alinghi were entwined in a 2.5-year legal battle over multiple court cases, including hearings in the New York Supreme Court and the Appellate Division of the New York Supreme Court, prior to the 33rd edition of the race, due to take place in 2010.The parties disagreed about the location, format, and restrictions on boat design, all of which were changed by the courts prior to the race.
Maersk Line Settles Sexual Assault Suit with Midshipman-X Hope Hicks
Maersk Line, Limited (MLL), a U.S. subsidiary of Danish shipping giant A.P. Moller - Maersk, has resolved a sexual assault and harassment suit filed by former U.S. Merchant Maritime Academy (USMMA) cadet Hope Hicks.Hicks shook the international maritime community in 2021 under the moniker "Midshipman-X" when she publicly described how she was raped by her superior officer while serving as an engine cadet aboard the Maersk cargo ship Alliance Fairfax in 2019.In June, Hicks revealed…
SunEdison Restrained from 'Unusual' Asset Transfers
Solar company SunEdison Inc said a U.S. court has restrained the company from making any unusual asset transfers until a hearing in a lawsuit brought on by investors of renewable energy company Latin American Power. SunEdison's shares fell as much as 33 percent to $1.37, hitting its lowest in more than 14 years. SunEdison said in October that it terminated a deal for Latin American Power five months after agreeing to buy the company, which owns wind and hydropower projects in Chile and Peru. The restraining order also affects SunEdison's yieldco TerraForm Power, SunEdison spokesman Ben Harborne said on Friday. "The judge's order will remain in place pending a hearing on Feb. 25 and does not affect either company's ability to conduct normal business operations," Harborne said in an email.
Legal End to Presidential Yacht Wrangle
New York Supreme Court Judge dismisses legal complaint against owners of Presidential Yacht 'Sequoia'. The Supreme Court of the State of New York has dismissed a frivolous legal complaint against FE Partners, LLC, that alleged it tried to improperly wrest control of the former Presidential Yacht, the U.S.S. Sequoia. The Hon. Charles E. Ramos ruled that a complaint filed by the owner of the U.S.S. The judge's order came the day after FE Partners filed its response in the case,…
