Sunday, May 15, 2022

Surfside Condo Collapse Victims Reach $997 Million Settlement

Champlain towersNearly a year after he catastrophic condominium collapse, a $997 million settlement was reached to compensate families of the victims. The Champlain Towers South condominium collapse killed 98 people in Surfside, FL in June of last year.

Victims are relived that a settlement has been reached, but have expressed that no amount of money will bring back loved ones. How the money will be dividing amongst the relatives of the 98 victims is yet to be determined.

Unit owners will also be compensated $83 million from funds generated by the sale of the land where the building once stood. As determined by a prior settlement, condo owners were released from any liability for negligence in the buildings maintenance.

Judge Michael A. Hanzman, of the Circuity Court in Miami-Dade County, would like to finalize the settlement before the one year anniversary.

For more information:

See Patricia Mazzei, “Surfside Condo Collapse Victims Reach $997 Million Settlement”, New York Times, May 11, 2022.

Special thanks to David S. Luber (Florida Probate Attorney) for bringing this article to my attention.

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