Supreme Court of Florida Holds That Economic Loss Doctrine Applies Only to Product Liability Cases

The Supreme Court of Florida, in Tiara Condominium Association v. Marsh & McClennan Companies, Inc. et al., No. SC10-1022, issued a recent opinion that limits the application of the economic loss doctrine to product liability cases, and which is likely to expand the use of tort law in areas previously restricted to contract law. This is a significant development for entities dealing with the economic loss doctrine and critical for those entities addressing the issue in Florida. 

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