Florida Judge: Subrogation Holdback Fund May Be Disbursed From Settlement Fund

Mealey's (February 27, 2023, 4:25 PM EST) -- MIAMI — A Florida judge signed an agreed order on a receiver’s motion to confirm compliance with an article of a more than $1 billion June 2022 settlement agreement in contemplation of distribution in a consolidated case over the June 2021 partial collapse of the Champlain Towers South (CTS) condominium building in Surfside, Fla., noting that all insurers of the settlement class members “are permanently barred, enjoined and restrained from commencing, continuing or maintaining any” subrogation claims against any of the released parties....

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