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$1 billion settlement approved in Surfside condo collapse

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A judge on Thursday approved a $1.02 billion settlement for the victims and survivors of the Surfside, Florida condo collapse, one the eve of the one-year anniversary of the disaster that killed 98 people in the middle of the night.
A judge on Thursday approved a $1.02 billion settlement for the victims and survivors of the Surfside, Fla., condo collapse, one the eve of the one-year anniversary of the disaster that killed 98 people in the middle of the night. The move by Miami-Dade Circuit Court Judge Michael Hanzman, who has overseen the civil proceedings stemming from the collapse of Champlain Towers South in the wee hours of June 24, 2021, puts to rest the financial and liability aspects of the tragedy. Hanzman called it remarkable, praising the attorneys involved for shortening what could have been a decade-long litigation process. The amount marked a “recovery that is far in excess of what I had anticipated,” Hanzman said when the settlement was reached last month. A portion of the 12-story condo tower crumbled to the ground during a partially collapse of the building on June 24, 2021 in Surfside, Florida. (Joe Raedle/ )
“It will never be enough to compensate them for the tragic loss they have suffered,” the judge said Thursday in formally approving the settlement.

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