KAMMET v. ICONBAY CONDOMINIUM ASSOCIATION INC.

CLASS ACTION SETTLEMENT

Case Overview

Description of the Lawsuit

Adam Kammet brought the lawsuit on his own behalf and as Class Representative. He alleges that IconBay improperly charged fees in excess of what is permitted under Florida law when a condominium unit is transferred. He contends that any amounts charged are contrary to Florida law. IconBay believes that its actions were permitted under Florida law, but it is willing to settle the case to avoid the costs of lengthy and burdensome litigation.

Class Action

A class action is a type of lawsuit. In a class action, the rights of a large group of people are decided in one court proceeding. Representative plaintiffs known as “Class Representatives” assert claims on behalf of the entire group, or “class.”

The “Class”

Those person(s) whom were charged more than the statutory maximum in connection with the sale, mortgage, lease, sublease, or other transfer of a condominium unit, from April 8, 2016, to the present. Based on IconBay’s records, you have been identified as a possible member of the class

The Proposed Settlement

After extensive negotiations, the parties have agreed to settle the case. Under the proposed settlement, IconBay has agreed to make a one-time payment to each verified Class Member that makes a claim equal to their pro-rata share of the $150,000.00 Settlement Fund. The payment will be approximately $260.87. The full terms of the settlement are included in Settlement Agreement, a full and true copy of which is available on this website and by clicking here.

Additional Information

Important court documents with information about the case, the settlement, and the settlement approval process are viewable on this site by clicking the links on top. For additional information, you may review the case file at Clerk of Court for Miami-Dade County, Florida, either in person or online, or you may contact Class Counsel.