The Miller Law Firm Recovers $2.33 Million for Luxury Hayes Valley Condos with Construction Defects - Insurance News | InsuranceNewsNet

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January 10, 2017 Newswires
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The Miller Law Firm Recovers $2.33 Million for Luxury Hayes Valley Condos with Construction Defects

PR Newswire

SAN FRANCISCO, Jan. 10, 2017 /PRNewswire/ -- The Miller Law Firm has recovered $2,330,000 for a Hayes Valley Homeowners Association for construction defects, a record recovery of nearly $73,000 per-unit reached in just 14 months from filing the complaint in San Francisco Superior Court.  In the last 5 years alone, numerous San Francisco Condo Associations represented by The Miller Law Firm have recovered nearly $45 million for shoddy construction and severe building performance violations.

The developer and 5 subcontractors will pay $2.33 million through their insurance policies to this 33-unit mixed-use condominium project under a settlement agreement with confidentiality requirements.  This luxury mid-rise building in the popular Hayes Valley neighborhood is just one of many constructed in the area in the last decade.  Hayes Valley saw a spike in new home condominium construction after the destruction of the Central Freeway, which revitalized the neighborhood making way for mixed-use buildings and enticing owners to this performing-arts district. 

The luxury project was only 5 years old when they filed a complaint for building deficiencies that included improper installation of podium deck waterproofing resulting in water intrusion in the garage, improperly sloped driveways, active water leaks in several locations, improperly sealed stone veneer, heavily stained and cracked stucco finish, improper drainage at the roofs, improper lobby ventilation, and improper installation of the firestopping.

According to Thomas E. Miller, CEO of The Miller Law Firm, "When insurance companies pay-out millions of dollars for construction defect claims, they require a full and complete release for all current and future claims as well as strict confidentiality.  This secrecy becomes the norm and it prevents consumers from knowing which Builders have a pattern of shoddy workmanship, which results in unsuspecting and often disappointed buyers.  In the end, Homeowners Associations are willing to accept these terms in order to provide the large recoveries needed to rebuild their communities."

According to Rachel Miller, Senior Partner of The Miller Law Firm, "Having delivered $45 million to San Francisco Condo Associations for sub-standard construction highlights that builders and their insurance carriers can and should be held to the fire, and Associations and their owners will receive the funds they need to rebuild their community and their lives."

Thomas E. Miller, Rachel M. Miller and Matthew T. Miller of The Miller Law Firm (www.ConstructionDefects.com) are the co-authors of, "Home and Condo Defects:  A Consumer Guide to Faulty Construction," (Seven Locks Press, 2012), available online at www.amazon.com.  Celebrating 40 years, The Miller Law Firm was awarded the National Litigator Award by the Trial Lawyers Board of Regents for the second consecutive year.  This award honors only the top 1% of attorneys in the nation and based strictly on tangible verdict & settlement dollar achievement.   

Media Contact: Rachel Miller(415) 437-1800
[email protected]

 

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-miller-law-firm-recovers-233-million-for-luxury-hayes-valley-condos-with-construction-defects-300386945.html

SOURCE The Miller Law Firm

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