$1 Billion Settlement Tentatively Reached in Tragic Surfside Condo Collapse

More than 20 entities have agreed to pay nearly $1 billion to settle a class action lawsuit over the 2021 collapse of a residential building in Surfside, Florida. Ninety-eight people died in the tragic building failure. The proposed settlement announcement was a surprise in this slow-moving class action. Presiding Miami-Dade Circuit Judge Michae.l Hanzman must approve the proposed settlement. Hazman called the development “fantastic” and commented that the amount was higher than he expected.

Read more on how this happened and settlement details here.
Update: the judge approved the $1B settlement on June 23, 2022