Surfside victims settle for nearly $1 BILLION after apartment collapsed in June 2021

The Champlain Tower South in Surfside, Florida, collapsed on June 24, 2021

The Champlain Tower South in Surfside, Florida, collapsed on June 24, 2021

Relatives of those killed in one of the deadliest structural building failures in U.S. history have agreed to a nearly $1 billion settlement, at the end of an accelerated legal process designed to quickly close the families.

The $997 million payout for the Surfside, Florida tragedy was announced Wednesday during a court hearing in Miami, overseen by Circuit Court judge Michael Hanzman.

Relatives of the 98 people who died in the June 2021 horror have sued the building’s insurers, developers of a neighboring apartment building, an engineering firm that warned of the tower’s structural problems and other suspects.

The case was resolved unusually quickly and the final payout was significantly higher than forecast.

The initial pool of insurance money to settle claims for both victims who lost their homes and those who lost relatives was $50 million, according to The Wall Street Journal.

The land on which the 12-story Champlain South tower stood has been sold for $120 million.

The Champlain Tower South in Surfside, Florida, collapsed on June 24, 2021

The Champlain Tower South in Surfside, Florida, collapsed on June 24, 2021

The Champlain Tower South in Surfside, Florida, collapsed on June 24, 2021

Tower collapse killed 98 people and is one of America's worst structural failures ever

Tower collapse killed 98 people and is one of America's worst structural failures ever

Tower collapse killed 98 people and is one of America’s worst structural failures ever

On June 27, rescuers are pictured sifting through the rubble in search of survivors

On June 27, rescuers are pictured sifting through the rubble in search of survivors

On June 27, rescuers are pictured sifting through the rubble in search of survivors

Hanzman said he wanted the insurance proceeds to go to the victims instead of being used for legal costs of lengthy lawsuits.

“It was a difficult case,” Judge Hanzman said during the hearing on Wednesday.

“To achieve such results, many things have to come your way.”

The 40-year-old building of some 136 apartments collapsed before dawn when many residents were asleep.

The devastating scenes shocked the nation and terrified millions of people living in outdated condominiums.

Constructors had issued minor warnings, but nothing of serious concern, and there were no extenuating factors such as extreme weather that caused the collapse.

1652312383 156 Surfside victims settle for nearly 1 BILLION after apartment collapsed 3

1652312383 156 Surfside victims settle for nearly 1 BILLION after apartment collapsed 4

The Champlain Tower building can be seen before the tragedy

The Champlain Tower building can be seen before the tragedy

The Champlain Tower building can be seen before the tragedy

The remaining apartments were demolished on July 4 (photo) in a controlled explosion

The remaining apartments were demolished on July 4 (photo) in a controlled explosion

The remaining apartments were demolished on July 4 (photo) in a controlled explosion

The plaintiffs’ lawyers had always sought nearly $1 billion, but the lawyers found the settlement too ambitious.

Lawyers for the residents and their relatives said the lost units were valued at about $400,000 to about $2.9 million, and the settlement was to include trauma compensation and possible punitive damages a jury could award.

Attorneys at the hearing did not disclose how much individual defendants paid as part of the settlement.

The lawsuit also argued that work on the adjacent Eighty Seven Park tower had damaged and destabilized a building in urgent need of major structural repair.

Champlain Towers, the lawsuit alleges, “was an older building that needed routine repairs and maintenance, but it wasn’t until excavation and construction of the adjacent high-rise luxury apartment building began,” the building became unsafe.

“The collapse was completely preventable,” the lawsuit says.

In November, a lawyer for the developers of Eighty Seven Park denied being responsible.

“The construction of Eighty Seven Park has in no way contributed to the tragic events of June 24, 2021, despite unfounded allegations to the contrary,” said David B. Weinstein, a lawyer for the development team behind Eighty Seven Park, at the time.

They have not responded to the settlement.

Many families wanted a memorial to be built on the site of the building’s south tower, but their plans were thwarted when the property sold for $120 million.

A total of 55 apartments in the 136-unit apartment complex have collapsed, with about 80 percent of the building reportedly occupied.

Officials at the time said they believed the building was “substantially full.”

Friends and family of New Yorker Estelle Hedaya, 54, said they received so little from the victim that they could easily lift her coffin.

“I could have lifted it with my little finger,” her best friend Lisa Shrem told the Washington Post

After the initial recovery attempt at the site was completed, officials moved the debris to a location 14 miles from the apartments, near Miami International Airport.

The rubble is split into two piles, based on the presumed value of the evidence it might contain.

The portions that the crew has determined to contain possible remains are moved into a warehouse, while the rest is left outside.

Relatives of the victims embrace on July 15 during a candlelight vigil for the deceased

Relatives of the victims embrace on July 15 during a candlelight vigil for the deceased

Relatives of the victims embrace on July 15 during a candlelight vigil for the deceased

Mourners stop at the makeshift monument to the 98 dead on June 27

Mourners stop at the makeshift monument to the 98 dead on June 27

Mourners stop at the makeshift monument to the 98 dead on June 27

Marcus Joseph Guara, 52, the youngest of three siblings, lived on the eighth floor, in Unit 802, with his wife Anaely Rodriguez, 42, and their 11-year-old and 4-year-old daughters, Lucia and Emma.  All were killed in the collapse

Marcus Joseph Guara, 52, the youngest of three siblings, lived on the eighth floor, in Unit 802, with his wife Anaely Rodriguez, 42, and their 11-year-old and 4-year-old daughters, Lucia and Emma.  All were killed in the collapse

Marcus Joseph Guara, 52, the youngest of three siblings, lived on the eighth floor, in Unit 802, with his wife Anaely Rodriguez, 42, and their 11-year-old and 4-year-old daughters, Lucia and Emma. All were killed in the collapse

So few remains of New Yorker Estelle Hedaya have been found in the Miami Surfside apartment collapse.  Her best friend Lisa Shrem said 'I could have lifted it' [her casket] with my pinky'

So few remains of New Yorker Estelle Hedaya have been found in the Miami Surfside apartment collapse.  Her best friend Lisa Shrem said 'I could have lifted it' [her casket] with my pinky'

So few remains of New Yorker Estelle Hedaya have been found in the Miami Surfside apartment collapse. Her best friend Lisa Shrem said ‘I could have lifted it’ [her casket] with my pinky’

A woman adds flowers to the monument on June 28

A woman adds flowers to the monument on June 28

A woman adds flowers to the monument on June 28

The county has sought permission from the judge to remove debris that they believe is not relevant to the investigation.

“It’s very sad to hear how Miami-Dade County wants to throw everything in the trash and make us forget about this and let it pass,” said Martin Langesfeld, 24, who married his twin sister, Nicole, and her new husband, Luis Sadovnic. lost. , 28, in the collapse.

“They were people with families and emotions. And they can’t be thrown away with the trash.’

Many families are not convinced that all the remains have been found.

During the four searches, the crews continued to produce more and more remains.

Source: New feed