Surfside Survivors And Families Reach $1B Settlement

The Miami Herald reports:

In a surprisingly swift resolution of the Champlain Towers South class-action lawsuit, relatives of victims and survivors of the Surfside condo collapse have reached a settlement that will pay them nearly $1 billion, a state court judge was told Wednesday.

The comprehensive settlement announced in Miami-Dade Circuit Court Judge Michael Hanzman’s courtroom effectively closes the litigation phase of the case. Still to be decided is the share survivors and family members of the 98 victims will receive.

“We have gotten $997 million in proposed settlements before you — and it could be a billion before the end of the week,” said Harley S. Tropin, a lawyer representing the plaintiffs. “We will be done. The money will be distributed. These victims will get some measure of relief.”

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BREAKING: In a surprise development, the class-action litigation over the collapse of Champlain Towers South has been settled, a federal judge was told Wednesday, with plaintiffs expected to receive just under $1 billion. https://t.co/l8VwBsZWUm

— Miami Herald (@MiamiHerald) May 11, 2022