Victims of Florida condo collapse could receive nearly $1bn in settlement

The 12-story Champlain Towers South building in Surfside had collapsed abruptly in June 2021, killing 98 people

A nearly $1bn 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 $997m 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.