Lawyers: Nearly $1B tentative settlement in condo collapse | AP News

  

Category:  News & Politics

Via:  perrie-halpern  •  2 weeks ago  •  4 comments

By:   CURT ANDERSON (AP NEWS)

Lawyers: Nearly $1B tentative settlement in condo collapse | AP News
ST. PETERSBURG, Fla. (AP) — 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, Florida , an attorney said Wednesday.

S E E D E D   C O N T E N T



By CURT ANDERSONMay 12, 2022 GMT1 of 5 FILE -

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Coast Guard boats patrol in front of the partially collapsed Champlain Towers South condo building, July 1, 2021, in Surfside, Fla. 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, Fla., an attorney said Wednesday, May 11, 2022. (AP Photo/Mark Humphrey, File) 1 of 5 FILE - Coast Guard boats patrol in front of the partially collapsed Champlain Towers South condo building, July 1, 2021, in Surfside, Fla. 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, Fla., an attorney said Wednesday, May 11, 2022. (AP Photo/Mark Humphrey, File)

ST. PETERSBURG, Fla. (AP) — 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, Florida, an attorney said Wednesday.

Harley S. Tropin announced the $997 million settlement during a hearing before Miami-Dade Circuit Court Judge Michael Hanzman. Still pending final approval, the settlement involves developers of an adjacent building, insurance companies and other defendants.

"I think it's fantastic," Hanzman said, reacting to the update from attorneys. "This is a recovery that is far in excess of what I had anticipated."

Earlier this year, Hanzman had approved an $83 million settlement to compensate people who suffered economic losses such as condominium units and personal property. A key question from the beginning has been how to allocate money from the property's sale, insurance proceeds and damages from lawsuits among wrongful death cases and property claims.

The 12-story Champlain Towers South condominium partially collapsed in the early-morning hours of June 24, almost instantly destroying dozens of individual condo units and burying victims under tons of rubble. Rescuers spent weeks carefully digging through mountains of concrete, first to find survivors and later to recover the remains of those who died. Ten days after the initial collapse, demolition crews used explosives to bring down the remaining portion of the building to give searchers access to additional areas where survivors might have been located. A total of 98 people were killed.

The tragedy in the town of Surfside, just north of Miami Beach, triggered lawsuits from victims, families and condo owners, and prompted state and federal investigations. In October, a coalition of engineers and architects said the state of Florida should consider requiring high-rise buildings near the coast to undergo safety inspections every 20 years. And in December, a Florida grand jury issued a lengthy list of recommendations 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.

Seven months after the collapse, temporary structural supports were added 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.

The little-known enclave of Surfside comprises a mix of older homes and condos similar to the collapsed tower, built decades ago for the middle-class, and recently erected luxury condos drawing the wealthy. That includes former first daughter Ivanka Trump and her husband, Jared Kushner, who live about a block north of the collapsed condo. The residents of Champlain Towers South were an international mix: South American immigrants, Orthodox Jews and foreign retirees.

———-

This story has been corrected to show that Circuit Court Judge Michael Hanzman said he was shocked by the settlement, not Harley S. Tropin.

All contents © copyright 2022 The Associated Press. All rights reserved.


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squiggy
Sophomore Quiet
1  squiggy    2 weeks ago

$300m is a lotta low fruit in ten months.

 
 
 
Split Personality
Professor Principal
2  Split Personality    2 weeks ago

Two blocks inland, .26 of an acre lot goes for $4million.

There are no comps for beachfront property in Surfside currently but when this property is resold

the price tag will be record setting

 
 
 
evilgenius
PhD Guide
3  evilgenius    2 weeks ago

Why the fuck isn't anyone in prison yet for negligence resulting in multiple deaths and destruction of private property?

 
 
 
Split Personality
Professor Principal
3.1  Split Personality  replied to  evilgenius @3    2 weeks ago

Statute of limitations?

Most of the designers and engineers are probably long dead or retired.

One can only imagine how complicated this settlement is going to be and how many bankruptcies will 

result from this.

I would think that current and recent property management should be most fearful.  They were warned

but since a total collapse is very rare what should their punishment be?

They believe(d), like most people, that our standards are the best in the world.

The only other comparables in US history were the World Trade Center buildings which collapsed under duress

and the Skyline Plaza in VA which collapsed during construction in 1973.

 
 

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