The settlement is still pending final approval and involves insurance companies and developers of an adjacent building, along with other defendants.
Lawyers representing families of victims and survivors of the condominium collapse in Surfside, Florida, last June have told a judge that they've reached a nearly $1 billion tentative settlement.
Harley S. Tropin is a lawyer representing the plaintiffs. He announced the settlement during a hearing on Wednesday before Miami-Dade Circuit Court Judge Michael Hanzman. Still pending final approval, the settlement involves insurance companies, developers of an adjacent building and other defendants.
“I’m shocked by this result — I think it’s fantastic,” Hanzman said. “This is a recovery that is far in excess of what I had anticipated.” Earlier this year, Hanzman had approved an $83 million settlement to compensate people who suffered economic losses such as condominium units and personal property, the Associated Press reported.
The 12-story building called the Champlain Towers South condominium collapsed suddenly in the early-morning hours on June 24 and almost instantly destroyed dozens of individual condo units, burying victims under tons of rubble. Rescuers worked for weeks digging through mountains of concrete to find survivors, then later to recover the remains of those who died. A total of 98 people were killed.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lawyers: Nearly $1B tentative settlement in condo collapseLawyers representing families of victims and survivors of the condominium collapse in Surfside, Florida, last June have told a judge that they've reached a nearly $1 billion tentative settlement
Read more »
Lawyers: Nearly $1B tentative settlement in condo collapseST. PETERSBURG, Fla. (AP) — A nearly $1 billion tentative settlement has been reached in a class-action lawsuit brought by families of victims and survivors of last June's condominium collapse in Surfside, Florida, an attorney said Wednesday.
Read more »
Nearly $1 billion settlement announced in deadly Surfside condo collapseMIAMI — A nearly $1 billion settlement in last year's shocking collapse of a Miami Beach-area condo building was unexpectedly announced during a routine status conference in a Florida courtroom Wednesday afternoon.
Read more »
Lawyers Say Miami Condo Collapse Victims Will Share More Than $1B in Recovery FundsThe pool of funds intended to compensate victims of the collapse of the Champlain Towers South condominium will increase to more than $1 billion, attorneys Wednesday told the judge overseeing the resulting class action lawsuit.
Read more »
Lawyers Say Miami Condo Collapse Victims Will Share in More Than $1B in Recovery FundsThe pool of funds intended to compensate victims of the collapse of the Champlain Towers South condominium will increase to more than $1 billion, attorneys Wednesday told the judge overseeing the resulting class action lawsuit.
Read more »
Surfside condo building collapse survivors, victims' families reach $997 million settlementVictims of the 2021 Surfside condo collapse in South Florida have reached a staggering $997 million settlement after the tragedy claimed the lives of 98 people.
Read more »