Builder of collapsed FIU bridge reaches deal to pay $42M to victims, families

Magnum Construction Management, which filed for bankruptcy back in March, agreed with insurance companies on the settlement deal

May 03, 2019
FIU bridge collapse March 2018

The construction company that built the Florida International University (FIU) pedestrian bridge, which collapsed in March 2018 and killed six people while injuring another eight, has reached a deal with insurers to pay up to $42 million to the victims and their families, according to a Miami Herald report.

Magnum Construction Management (MCM), formerly known as Munilla Construction Management, agreed with insurance companies on the settlement deal, which helps move forward the process of resolving the dispute with the families of the victims who were killed along with the injured survivors.

It was first reported that the families and victims of the collapse were filing a lawsuit against the companies involved with the FIU bridge work back in April 2018. This new settlement agreement, which was filed in federal bankruptcy court on April 30 of this year, must be approved by a judge. MCM filed for bankruptcy back in March of 2019. 

This deal comes as all parties await a final verdict from the National Transportation Safety Board (NTSB) investigation as to the cause of the bridge collapse. A preliminary report from the NTSB released in August showed that cracking which appeared on the FIU structure days before it collapsed was more extensive than previously disclosed. In addition, an investigative update in November from the agency revealed that significant errors were made in the design of the bridge.

According to the Herald's report, there are currently more than 20 other defendants in the middle of their own lawsuits filed by victims and their families which have yet to reach any agreement.

----------

Source: Miami Herald

Related Articles

The Illinois Department of Transportation (IDOT) this week announced a six-year plan to rebuild I-80 in Will County. The $1.2 billion project will…
October 19, 2021
Rocheport Bridge
Image: Missouri DOT
The Missouri Department of Transportation (MoDOT) this week launched bridge construction on the new I-70 Missouri River bridges project near…
October 15, 2021
NJ TRANSIT awards contract for Portal North Bridge project
Image: NJ TRANSIT
The NJ TRANSIT Board of Directors has approved a contract with Skanska/Traylor Bros Joint Venture for the construction of the new Portal North Bridge…
October 13, 2021
Rhode Island DOT breaks ground on Washington Bridge North project
Image: Rhode Island DOT
The Rhode Island Department of Transportation (RIDOT) this week broke ground on the $78 million Washington Bridge North project. The goal of the…
October 13, 2021
expand_less