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Florida tenants at a property owned or managed by Bridge Investment Group Holdings LLC between July 2021 and January 2026 may be eligible to claim an estimated $107 from a class action settlement.
Bridge Investment Group Holdings LLC agreed to pay $700,000 to settle a class action lawsuit alleging violations of the Florida Residential Landlord and Tenant Act and the Florida Consumer Collection Practices Act. The lawsuit claimed the company improperly handled tenants’ security deposits, including failing to provide required certified mail notices when retaining all or part of a deposit.
Who are the class members?
The class includes individuals who meet all of the following criteria:
- They lived in Florida between July 2021 and January 2026.
- They paid a security deposit at a property Bridge Investment Group Holdings LLC or its affiliates owned or managed.
- The landlord or property manager retained any portion of their security deposit.
- They did not receive a certified mail notice within 30 days of moving out informing them of the landlord’s intent to impose a claim on their deposit.
How much can class members get?
Pro rata payment: Each eligible class member who does not opt out will receive an equal cash payment from the $700,000 settlement fund. The estimated payment is $107 per class member, but the settlement administrator may increase or decrease this amount depending on the number of valid claims and the final deductions for attorneys’ fees, litigation expenses, service awards and administrative costs.
If the court determines Bridge Investment Group Holdings LLC retained more than $1,542,231.89 in security deposits, it will increase settlement fund by 45.4% of the additional amount retained.
No action needed to receive payment
Class members do not need to submit a claim form to receive their payment. The settlement administrator will automatically send payments to eligible class members using the contact information on file. If the class member moved, they should update their address with the settlement administrator to ensure they receive payment.
Settlement administrator's mailing address: Mihalcean Settlement, c/o Settlement Administrator, PO Box 23459, Jacksonville, FL 32241
Settlement administrator's email address: info@MihalceanSettlement.com
Payout options
The settlement administrator will mail paper checks to the address on file. They are valid for 90 days from the date of issuance. If the class member does not cash the check within 90 days, the funds will revert back to the defendant.
$700,000 settlement fund breakdown
The $700,000 settlement fund covers:
- Settlement administration costs: To be determined
- Attorneys' fees: Up to $231,000
- Attorneys' expenses: To be determined
- Service award to class representative: $3,500
- Payments to eligible class members: Remainder of the fund
Important dates
- Exclusion (opt-out) deadline: Aug. 4, 2026
- Final approval hearing: Aug. 18, 2026
When is the Dana Mihalcean v. Bridge Investment Group Holdings LLC payout date?
The settlement administrator will issue payments after the court resolves any appeals and grants final approval to the settlement.
Why is there a class action settlement?
The class action lawsuit alleged Bridge Investment Group Holdings LLC and its affiliates failed to comply with Florida law regarding the handling and return of security deposits. Specifically, the lawsuit claimed the landlord or property manager did not provide certified mail notice within 30 days of move-out when retaining all or part of a security deposit as required by the Florida Residential Landlord and Tenant Act.
The defendant denied any wrongdoing but agreed to settle to avoid the risks and costs of continued litigation.
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