A Florida judge has approved a $1.2 billion settlement for unit owners and families of those who died in the collapse of a condo tower in Surfside last year. It was finalized one day before the anniversary of the disaster in which 98 people died.
In a Miami courtroom Thursday, Judge Michael Hanzman called it a “remarkable” outcome. Victims, families of the deceased, numerous defendants and their insurance companies were able to agree on a settlement within a year of the collapse of the condominium tower on June 24, 2021.
Hanzman thanked the dozens of attorneys involved in the case, which he said was the most complicated he’d seen in his 35-year career. The judge said it avoids the need for a trial that could have lasted a decade. He said, “These victims and families would have had to suffer through that and endure this trauma over and over and over again.”
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