Court Okays $1B Settlement In Florida Condo Collapse

NBC News reports:

A judge gave final approval Thursday to a settlement topping $1 billion for victims of the collapse of a Florida beachfront condominium building that killed 98 people, one of the deadliest building failures in U.S. history.

The decision by Miami-Dade Circuit Judge Michael Hanzman came a day before the one-year anniversary of the Champlain Towers South disaster in the Miami suburb of Surfside.

The judge described the settlement as a “remarkable result,” praising the dozens of lawyers involved for averting what could have been years of litigation with no sure outcome.

Read the full article.

Most of the settlement will go to families and victims. Roughly $100 million will go to owners of the 136 destroyed units. The lawyers will get a similar cut.

A judge gave final approval to a settlement topping $1 billion for victims of the collapse of a Florida beachfront condominium building that killed 98 people. https://t.co/lK2iuQyUwG

— NBC News (@NBCNews) June 23, 2022