Nearly $1 Billion Settlement for Survivors of Collapse
Last June, a Surfside, Florida condominium partially collapsed, causing 98 fatalities and displacing hundreds. The incident triggered an extensive investigation to identify the cause and responsible parties. Almost a year later, those impacted by the collapse are set to receive compensation.
The legal team representing the survivors has secured a $997 million settlement, providing restitution to both survivors and families of the victims. Miami-Dade Circuit Judge Michael Hanzman expressed astonishment at the news, stating, “This recovery exceeds my expectations significantly.”
Judge Hanzman aims to finalize the settlement by the collapse anniversary in June, with payments scheduled to commence in the fall. Acknowledging the irreparable loss suffered by some, Hanzman emphasized his commitment to swiftly resolving the case.
Attorney Judd Rosen highlighted that the settlement signifies accountability across multiple stakeholders, labeling it as the largest single-incident settlement in U.S. history.
The 12-story Champlain Towers South condominium collapsed suddenly on June 24 in Surfside, Florida, claiming 98 lives. https://t.co/FoBKDsZzh0
— HuffPost (@HuffPost) May 11, 2022
