Lawyers: Nearly $1B tentative settlement in condo collapse

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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.

aimed at preventing another condominium collapse, including earlier and more frequent inspections and better waterproofing.

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.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 need of major structural repair. Champlain Towers was in the midst of its 40-year structural review when it partially crumbled to the ground.

Video released by a team of federal investigators showed evidence of extensive corrosion and overcrowded concrete reinforcement in the building.to areas in the underground garage of Champlain Towers South's sister tower, Champlain Towers North, in what the building's condo board called “an abundance of caution.” The condo was built in 1981 and has a nearly identical design as the Champlain Towers South.

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So the lawyers get $300-400 million dollars?

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