Homeowners in a southeast Orlando subdivision have settled a class-action lawsuit against a homebuilder for $1.2 million.
An attorney for the residents in the Newport subdivision said the settlement was reached last week with The Ryland Group.
The lawsuit claimed the builder did not disclose that the homes were built on or near the Pinecastle Jeep Range, a World War II-era bombing range. Residents said their home values plummeted after live bombs and other munitions were found.
The settlement will be divided among 118 homeowners. Attorneys fees and expenses totaling $410,000 will be subtracted from the settlement amount.
An attorney for The Ryland Group said that in agreeing to the settlement, the homebuilder did not admit to liability or wrongdoing.
Topics Lawsuits Florida Homeowners
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