fox29.com
50%
462
Surfside condo building collapse survivors, victims' families reach $997 million settlement
SURFSIDE, Fla. - Victims 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.The settlement with insurers, developers and defendants was announced in a court hearing on Wednesday, according to the Wall Street Journal.It comes six weeks before the one-year anniversary of the collapse of the 12-story condo building, which happened in the early morning hours of June 24, 2021."I’m shocked by this result — I think it’s fantastic," Miami-Dade Circuit Court Judge Michael Hanzman said in court, according to a report from the New York Times. "This is a recovery that is far in excess of what I had anticipated."A general view of the partially collapsed 12-story Champlain Towers South condo building on June 30, 2021 in Surfside, Florida.