A class action lawsuit brought by the families of the victims and survivors of last June’s condominium collapse in Surfside, Florida, has been settled for $997 million.
What Happened: The settlement involves insurance companies, the developers of an adjacent building the plaintiffs said contributed to the weakening of the structure and other defendants. The Associated Press reported the settlement was announced at a hearing before Miami-Dade Circuit Court Judge Michael Hanzman, who expressed surprise at both the speed and size of the agreement.
