Judge approves over $1 billion in settlements for condo collapse victims

Friday marked a year since 98 people died in the spontaneous collapse of a Condominium in Florida. A day before, a judge had approved a large sum of settlement money for those affected by the Surfside disaster. According NC, survivors, families of deceased victims and owners of damaged property will receive $1 billion.

SURFSIDE, FLORIDA – JULY 11: Construction equipment is used to dig through the mound of debris from the collapsed 12-story Champlain Towers South condominium building is seen through a fence on July 11, 2021 in Surfside, Florida . The death toll from the collapse has risen to 90 people, 31 of whom remain missing as recovery operations enter their 18th day. (Photo by Anna Moneymaker/Getty Images)

Search and recovery teams worked for a month after the June 24 collapse to find the 98 victims. The collapse of the apartment building named Champlain Towers South occurred around 2 a.m. local time. About three dozen people escaped to one side of the building that remained standing, according to the Tallahassee Democrat.

A survey conducted by the Miami Herald found that the the collapse has begun seven minutes before the wing drops. Their work in conjunction with engineering professor Dawn Lehman pointed to “design failures, shoddy construction, damage and neglect” creating perfect conditions for the fall. The building lasted almost 40 years.

Those who lost their lives to the roar of metal and concrete ranged in age from 1 to 92. CNN says the tragedy has struck families in a nearby local community but also around the world. More devastatingly, in some cases entire families died.

SURFSIDE, FLORIDA – JULY 09: Rescue workers use excavators to dig through the rubble of the collapsed 12-story Champlain Towers South condominium building on July 09, 2021 in Surfside, Florida. While the death toll currently stands at 64 and 76 people are still missing, search and rescue personnel are continuing their efforts. (Photo by Anna Moneymaker/Getty Images)
How victims will receive payment

The class action lawsuit involved the condominium association, the town of Surfside, engineering, architectural and other development companies, and property maintenance companies.

SURFSIDE, FL – JULY 11: A poster for the Guara family of four, who all died in the collapsed 12-story Champlain Towers South condominium building, hangs at a memorial site on July 11, 2021 in Surfside, Florida . The death toll from the collapse has risen to 90 people, 31 of whom remain missing as recovery operations enter their 18th day. (Photo by Anna Moneymaker/Getty Images)

Those affected will be able to submit claims to receive money from the $1 billion settlement fund. The final settlement would reflect all money available to victims. This includes insurance claims and the ongoing multi-million dollar sale of the devastated property.

The collapse is known as one of the deadliest in US history.

SURFSIDE, FL – JULY 11: Notes are written on a makeshift headstone for Francis Fernandez, a victim of the collapse of the 12-story Champlain Towers South building on July 11, 2021 in Surfside, Florida. The death toll from the collapse has risen to 90 people, 31 of whom are missing as the rescue and recovery operation enters its 18th day. (Photo by Anna Moneymaker/Getty Images)


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