Florida Supreme Court Alters Economic Loss Rule

The Florida Supreme Court has recently held that the economic loss rule is limited to cases of products liability. This is a very “big” change from recent and prior law.   Determining whether or  not a tort  claim is permissible when contractual privity exists in situations other than products liability is now  a thing of the past.  Determining whether a professional services  exception is applicable or not is now a thing of the past.  For a copy of the Tiara Condo opinion, please email  michelle@pankauskilawfirm.com.