May
The Economic Loss Rule: Florida Supreme Court’s Stunning Reversal of Precedent or Just a Clarification of Existing Contract Law?
In the early 1990’s, the Florida Supreme Court ruled that the economic loss rule (“ELR”) could be raised as a complete defense to a cause of action asserting the “negligent” performance of a contract where there was no personal injury or injury to other property. As an example, in a real estate contract which has