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Judge approves $1 billion+ deal in Surfside condo collapse

Settlement approved almost exactly 1 year after collapse that killed 98
Condo Associations-Public Records
Posted at 11:41 AM, Jun 23, 2022
and last updated 2022-06-23 12:38:48-04

MIAMI — A judge has given final approval to a settlement of more than $1 billion for victims of the collapse of a Florida beachfront condominium.

Ninety-eight people died when the 12-story Champlain Towers South suddenly collapsed.

It was one of the deadliest building failures in U.S. history.

The decision by Miami-Dade Circuit Judge Michael Hanzman on Thursday comes one day before the one-year anniversary of the disaster in the Miami suburb of Surfside.

Most of the money will go to people who lost family members.

About $100 million is earmarked for legal fees, and $96 million set aside for owners of the building's 136 units.

A definitive cause of the collapse has not been determined. However, surviving residents said the building had shown signs of destruction and disrepair.