In a hearing the day before the one-year anniversary of the collapse of Champlain Towers South in Surfside, Miami-Dade Circuit Judge Michael Hanzman granted final approval for a $1.02 billion class-action settlement.
On June 24, 2021, 98 lives were lost in the collapse, the cause of which is still undetermined. The $1.02 billion will go to people who lost loved ones in the collapse of the 12-story, 136-unit condominium. About $96 million is expected to go to unit owners for economic losses.
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