Top Class Actions’s website and social media posts use affiliate links. If you make a purchase using such links, we may receive a commission, but it will not result in any additional charges to you. Please review our Affiliate Link Disclosure for more information.
Surfside Condo Collapse Class Action Settlement Overview:
- Who: Victims of the Champlain Towers South condominium collapse have secured a total of $997 million in settlement funds.
- Why: The settlement amount is the combined figure from a number of individual agreements, including from the Miami suburb of Surfside and several different entities.
- Where: Attorneys for the victims made the announcement in the Eleventh Judicial Circuit Court of the State of Florida.
The victims of the Champlain Towers South condominium collapse in Surfside, Florida, are set to receive a total of $997 million in settlement funds, their attorneys announced Wednesday.
The settlement ends consolidated claims made against all but one defendant in the wake of the condo collapse that left 98 people dead in the Miami suburb on June 24, 2021, Law360 reports.
GeoSonics Inc. is the last remaining defendant to hold out; however, attorneys for the collapse victims say they hope to reach a deal with the vibration monitoring services provider soon.
The settlement amount includes contributions from Morabito Consultants Inc., an engineering firm that inspected Champlain Towers South in 2018, and the town of Surfside, among a number of others, Law360 reports.
The judge overseeing the case reportedly expressed surprise that a final settlement had been reached so quickly.
“The result that has been achieved in this case and the speed with which it has been achieved is beyond extraordinary,” Law360 reports the judge said. “If the right people were not running this case, this could have turned into a decade-long slog.”
Surfside Condo Collapse Victims To Receive More in Insurance proceeds, Auction
The settlement amount does not include an already-secured $50 million in insurance proceeds from the building’s condominium association or a projected at least $120 million from an upcoming auction of the property site set for later this month.
The judge overseeing the case asked for the settlement agreements to be filed with the court within a week and set a final fairness hearing for mid- to late June, Law360 reports.
Plaintiffs will be allowed to opt out of the combined settlement and make their own claims; however, they will not be able to pick and choose which agreements to stay in and which to leave, the judge said.
Proceeds from the settlements will go to a receivership tasked with evaluating the claims of victims before ultimately dispersing the funds, Law360 reports.
Previously, the judge had pushed the case’s trial back to March 2023 despite originally hoping for a trial to begin this summer.
Were you affected by the condo collapse in Surfside, Florida? Let us know in the comments!
Don’t Miss Out!
Check out our list of Class Action Lawsuits and Class Action Settlements you may qualify to join!
Read About More Class Action Lawsuits & Class Action Settlements:
- FCA Class Action Claims Company Sold Vehicles With Faulty Engine Valve Train Systems
- Lakeview Loan Servicing Class Action Alleges Company Failed To Safeguard Customer Information Following Data Breach
- What Can You Do if You Were Assaulted During an Uber Ride?
- Snap Class Action Claims Snapchat Violates Consumers’ Biometric Privacy
One thought on Surfside Condo Collapse Class Action Settled For $997M
Where are good lawyers at that can make a case out of nothing and pocket money for both of us ???