FILE - Coast Guard boats patrol in front of the partially collapsed Champlain Towers South condo building, July 1, 2021, in Surfside, 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, Fla., an attorney said Wednesday, May 11, 2022. ST. PETERSBURG, Fla.
“I’m shocked by this result — I think it’s fantastic,” Hanzman said. “This is a recovery that is far in excess of what I had anticipated.”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 main lawsuit, filed on behalf of Champlain Towers South victims and family members, contends that work on the adjacent Eighty Seven Park tower damaged and destabilized the Champlain Towers building, which was in dire need of major structural repair. Champlain Towers was in the midst of its 40-year structural review when it partially crumbled to the ground.
At the time of the collapse, Miami-Dade and Broward were the only two of the state’s 67 counties that had condominium recertification programs.
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