Surfside condo collapse survivors reach nearly $1 billion settlement
CBSN
Survivors of the condo collapse in Surfside, Florida, have reached an almost $1 billion tentative settlement, attorneys confirmed to CBS News Wednesday. The settlement is still subject to court approval but was made in record time due to an expedited schedule, attorneys added.
On June 24, Surfside will mark the one-year anniversary of the fatal collapse of Champlain Towers South that took the lives of 98 residents and left hundreds more without homes or belongings. Once it is finalized by the courts and all parties, Wednesday's class-action lawsuit settlement will go to the families of victims who perished in the collapse, as well as to survivors of the collapse.
Attorney Harley Tropin called the $997 million settlement an extraordinary result that exceeded his expectation, adding that cases this large usually take five to six years, but the expedited track pushed for by the judge allowed for a quick resolution.
