ST. PETERSBURG, Fla. — A nearly $1 billion tentative settlement has been reached in a class-action lawsuit brought by families of victims and survivors of last June’s condominium collapse in Surfside, Florida, an attorney said Wednesday.
Harley S. Tropin announced the $997 million settlement during a hearing before Miami-Dade Circuit Court Judge Michael Hanzman. Still pending final approval, the settlement involves insurance companies, developers of an adjacent building and other defendants. Earlier this year, Hanzman had approved an $83 million settlement to compensate people who suffered economic losses such as condominium units and personal property. A key question from the beginning has been how to allocate money from the property’s sale, insurance proceeds and damages from lawsuits among wrongful death cases and property claims.
The 12-story Champlain Towers South condiminium collapsed abruptly in the early-morning hours of June 24, almost instantly destroying dozens of individual condo units and burying victims under tons of rubble. Rescuers spent weeks carefully digging through mountains of concrete, first to find survivors and later to recover the remains of those who died. A total of 98 people were killed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silicon Valley Underwater: Tech Giants Lose $1 Trillion in Value in 3 DaysThe largest tech firms in the world have reportedly lost over $1 trillion in value over just three trading days. Microsoft, Amazon, Tesla, and Google all lost more than $100 billion in a few days, while Facebook lost $70 billion. Glorious!! Criminal thugs amassed wealth through illegal means 😁😍♾️ so glad it's happening to Facebook, I hope everyone knows how distrustful a company they are. Come on everybody leave Facebook, you know you want to Dot-com bust 2.0 in the works.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Talos raises $105M to become the latest crypto unicorn valued at $1.3BCrypto firm Talos raises $105 million in its latest funding round, putting its value at $1.3 billion. The company aims to accelerate its expansion through Europe and Asia-Pacific in the near future.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Luna Foundation Guard seeks more than $1 billion to shore up UST stablecoin: sourcesThe Luna Foundation Guard has held talks with large investors with the aim of raising over $1 billion to shore up UST amid weakening sentiment in the crypto market. fintechfrank fintechfrank fintechfrank Why don't they just buy USDT to back their coin
Source: TheBlock__ - 🏆 464. / 53 Read more »
Controversial Colorado HOA Has More Than $1 Million In The Bank: 'Foreclosures Are Profitable'A Denver HOA which initiated more HOA foreclosures in 2021 than any other has taken in more than $600,000 in one year from fines levied against homeowners and has more than $1 million on hand in checking accounts, CDs, saving accounts and cash. People act like the board is some impenetrable Illuminati. Run for the board, get elected and change stuff Im on my HOA board because I wanted to know why things weren’t being done. Quite possible people refuse to abide by HOA rules, refuse to pay fines, so they foreclose Disgusting
Source: CBSDenver - 🏆 612. / 51 Read more »
Nonprofit company vows to produce generic insulin and sell it for $1 a dayPeople living with insulin-dependent diabetes have been waiting a long time for someone to do something to make it more affordable. It looks like that time may finally be arriving. I love the USA and living here is great but after living in the UK and Japan I'm baffled by the healthcare system here. Insurance companies deciding a patient's treatment and medication? It's ludicrous.
Source: MarketWatch - 🏆 3. / 97 Read more »
Company offering free therapy for Texas frontline workers through $1 million programThe initiative will offer therapy and mental health services via 12 free sessions per eligible frontline care professional. Texas mentalhealth FrontlineWorkers Therapy healthcare pandemic COVID19
Source: SAcurrent - 🏆 607. / 51 Read more »