WEST PALM BEACH, Fla., Oct. 13 /PRNewswire/ -- The United States Court of Appeals for the Eleventh Circuit finally issued an initial opinion in the case of Buckley Towers Condominium, Inc. v. QBE Insurance Corporation affirming the lower court's original verdict in favor of Buckley Towers Condominium, Inc. for $11,395,665.00.
Buckley Towers was severely damaged by Hurricane Wilma in October of 2005, and was paid nothing on its claim by QBE despite the filing of a large number of Civil Remedy Notices, or "bad faith" notices, issued during the past few years.
As a result, Buckley Towers did not have sufficient funds to make anything other than emergency repairs to their towers. Ultimately, with the assistance of a Small Business Administration loan, Buckley was able to replace both roofs on each of its 17-story towers, housing 564 units. Buckley Towers Condominium, Inc. has been facing a demolition order from the Miami-Dade Unsafe Structures Board, but now that the Court has affirmed the actual cash value award, the buildings will be saved and repaired. There is also an attorney fee award from the trial court of approximately $1,600,000.00.
With the recent U.S. Court of Appeals decision, the "bad faith" lawsuit against QBE will be aggressively pursued with the goal of obtaining an award in excess of $500,000,000.00. The first wave of discovery has already been served in the "bad faith" case by Florida litigation attorneys for Buckley Towers Condominium, Inc. Attorneys Daniel S. Rosenbaum, Richard C. Valuntas, Tatiana B. Yaques, Mark G. Keegan & John M. Siracusa from the firm Rosenbaum Mollengarden Janssen & Siracusa, PLLC will be representing Buckley Towers Condominium, Inc.
The Florida collection attorneys of Rosenbaum Mollengarden Janssen & Siracusa PLLC has represented clients recently in the areas of practice from Florida legal malpractice to being one of the earliest Gulf Oil Spill attorney firms working on behalf of multiple Gulf Oil Spill plaintiffs.
SOURCE Daniel S. Rosenbaum