Attorneys for the families who lost relatives or homes in last year’s collapse of a Florida condominium tower that killed 98 people have reached a $1.02 billion settlement.
Authorities in Surfside, Fla., released released police body camera footage on Tuesday that shows the initial emergency response to the condominium collapse that left 98 people dead. The money comes from several sources, including insurance companies, engineering companies and a luxury condominium that had recently been built next door.
None of the parties are admitting wrongdoing. A billionaire developer from Dubai is set to purchase the 1.8-acre beachside site for $120 million, contributing to the settlement. The judge will determine the attorneys fees, but it is expected to be a fraction of the third lawyers would normally earn. Cases like this typically take three years or more to reach a settlement, let alone get to trial. In their motion for “preliminary approval of class action settlement," attorneys for plaintiffs and defendants described the collapse in Surfside as a “ ‘black swan’ event that devastated this community," and said they were “proud to have met this Court’s challenge to provide relief to the class of victims before the one-year anniversary of the collapse.” Most of Champlain Towers South collapsed suddenly around 1:20 a.m. last June 24 as most of its residents slept. Only three people survived the initial collapse. No other survivors were found despite around-the-clock efforts by rescuers who dug through a 40-foot high pile of rubble for two weeks. Another three dozen people were able to escape from the portion of the building that remained standing. All 135 units were ultimately demolished, leaving a gaping hole along Surfside's beachfront.
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