The contractor for a pedestrian bridge at Florida International University that collapsed is plotting a return to the construction business while negotiating a bankruptcy settlement fund for those killed or injured in the accident, WSJ Pro Bankruptcy reported. Magnum Construction Management LLC entered chapter 11 last week after the bridge collapse last March set off a federal investigation, sparked 18 personal injury and wrongful-death lawsuits and cost the company $200 million in project revenue. Company lawyer Jordi Guso said during MCM’s initial appearance yesterday in the U.S. Bankruptcy Court in Miami that the contractor was optimistic it could negotiate a settlement to the lawsuits, regain certifications and once again bid for construction work. While those lawsuits are now paused by the bankruptcy, Guso said that MCM would participate in a mediation scheduled for March 20 in an effort to reach a global settlement.
