[john70t]

https://www.msn.com/en-us/money/realestate/victims-of-surfside-condo-collapse-reach-997-million-settlement/ar-AAXatzG?ocid=winp2sv1plus&cvid=0634fb49bfab4487a37c7966dde76d2c

Victims of the 2021 condo tower collapse in Surfside, Fla., have reached a proposed $997 million settlement to resolve wrongful death claims against defendants sued over the building’s failure.

The payout, announced in a court hearing Wednesday, would settle claims brought by family members of the 98 victims of the collapse of Champlain Towers South last June.

Defendants in the case included the building’s insurers, developers of a neighboring condo building, an engineering firm that warned of the tower’s structural issues before its collapse and others.

The settlement is much higher than most lawyers initially expected. The initial pool of insurance money to settle both claims for victims who lost their homes and those who lost family members was $50 million.