Judge: Mediators File Florida Condo Collapse Claims
The judge on Wednesday hoped to avoid a fierce and long-term dispute over victims’ money, and the mediator declared Florida an apartment where 98 people have died.
The intention is to come to an agreement on insurance payments and litigation returns, in addition to the distribution of the money from the planned sale of the Champlain Towers South site in Surfside, Florida.
“I want to start,” Handsman said. “The last thing I want to see is that the victims are fighting for (money) allowances, which is a shame.”
Some lawyers have compared the Florida collapse to the daunting task of putting a value on the loss of life and property and other claims after the 9/11 terrorist attacks. As Feinberg, it is based on Feinberg’s own book.
“What is the value of life? Keaton says in the first few scenes, like Feinberg. “The answer is the numbers, and it’s the job.”
Early on the morning of June 24, a 12-story condo at Champlain Towers South Beachfront collapsed without warning and was buried in a pile of rubble intertwined with victims and property. The cause has yet to be identified, but it cost millions of dollars to repair critical structures before the building collapsed.
The site is just under 2 acres (0.8 hectares) and already has a sales contract of $ 120 million. The property is put on an offer to see if there are other interested buyers who could pay more.
Yet that may not be enough to fully make up for everyone’s loss. The mediator, once appointed, will be responsible for reaching a fair deal for all victims, the lawyers said.
“We are going to work very hard to achieve this,” said Ricardo Martinez Sid, one of the attorneys representing tort death victims. “I hope this will benefit all victims.”
Handsman said he was in contact with Miami Bruce W. Greer, a lawyer with extensive mediation experience, is handling the case. Greer did not immediately respond to an email asking if he would accept it on Wednesday.
“It will be long and difficult,” Handsman said. “This is one of the situations where we have to compromise.”
One consequence all parties want to avoid is for condominium owners to pay an appraisal to cover claims that exceed the amount available through the sale of real estate, insurance, or litigation payments. It is. Florida law appears to require it, but it is not known whether it applies to this disaster, said court-appointed beneficiary Michael Goldberg.
“It can apply. I’m not absolutely sure, ”Goldberg said. “If so, it can have a significant impact. “
Another potential source of funding comes from the state or the federal government. Discussions continue on issues such as property tax exemptions, mortgages and other compensation.
Handsman reiterated that the victim’s claims are likely to far exceed the amount available.
“These people will be forced into a serious shortage,” said the judge, adding that he wanted to avoid a protracted court battle. “Anyone who suffers a loss here is a victim. Everyone has the right to hear.