Judge Approves $1B+ Deal In Deadly Florida Condo Collapse
Newsy
About $100 million is earmarked for legal fees, and $96 million set aside for owners of the building's 136 units.
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 praised the dozens of lawyers involved for averting what could have been years of litigation with no sure outcome for victims.
"It will never be enough to compensate them for the tragic loss they have suffered," the judge said. "This settlement is the best we can do. It's a remarkable result. It is extraordinary."
