Settlement Information
A proposed partial class action settlement has been reached between Plaintiffs’ Class Counsel and several of the insurers for Metairie Towers Condominium Association and GNO Property Management regarding the alleged misuse, mismanagement and loss of insurance proceeds recovered by Metairie Towers Condominium Association as a result of Hurricane Ida and a second subsequent water damage event on September 28, 2021. The plaintiffs in the class action have alleged that the defendants’ actions involved the mishandling of Metairie Towers (“Property”) following these events, caused the wasting and/or mismanagement of insurance proceeds, and that defendants are responsible for the resulting damage to unit owners.
The proposed partial class action settlement is valued at $650,000.00 and provides compensation for the alleged wasting and/or mismanagement of insurance proceeds by defendants. This is a partial settlement and does not end the litigation.
Who Is a Class Member?
You may be part of the proposed partial class action settlement if you owned a condo unit at Metairie Towers continually from August 29, 2021 through April 21, 2023 and/or you acquired ownership of a condo unit after August 29, 2021 and owned it until April 21, 2023. Excluded from the class are unit owners who were members of the Board of Directors of Metairie Towers Condominium Association during this time period (the “Board”).
Your Legal Rights and Options
Option and Deadline |
Your Legal Rights |
Submit a Claim formby September 26, 2025 |
The only way to get a payment or benefits. Claim forms can be mailed to the following address: Metairie Towers Settlement Administrator, P.O. Box 3637, Baton Rouge, LA 70821 or emailed to info@MetairieTowersSettlement.com. |
Objectby September 26, 2025 |
Write to the Court and Class Counsel about why you don’t like the settlement. |
Go to a hearing |
Ask to speak in Court about the Settlement. The Court will hold a Fairness Hearing beginning at 8:00 a.m. on October 6, 2025, at the 24th Judicial District Court, Parish of Jefferson, 200 Derbigny Street, Gretna, Louisiana in Courtroom Div. “H”. You may ask the Court for permission to speak at the Fairness Hearing. To do so, you must send a letter saying that it is your “Notice of Intention to Appear.” Be sure to include your name, address, telephone number, and your signature. Your Notice of Intention to Appear must be postmarked no later than September 26, 2025, and be sent to Class Counsel at the address provided in question 17. You cannot speak at the hearing if you excluded yourself. |
do nothing |
If you do nothing you will get no payment (unless you submit a claim form). You also give up rights to file a lawsuit against the Settling Defendants for the claims covered by the partial class action settlement. |
Exclude Yourselfby September 26, 2025 |
You will get no payment from the partial class settlement. You will need to submit a form excluding yourself from the settlement. You can elect to opt out of any or all of the individual settlements with Scottsdale, Evanston and IFCC. You will need to file a lawsuit against the Settling Defendants and other defendants in order to protect your rights. |
Dates and Deadlines
Claims Deadline
September 26, 2025
Exclusion Deadline
September 26, 2025
Objection Deadline
September 26, 2025
Fairness Hearing
October 6, 2025