$997 Million To Settle The Surfside Condo Collapse Class Action

KEY TAKEAWAYS:

• The Surfside Condo Collapse Class Action final settlement proposal is nearly $1 billion.
• The litigation has evolved considerably to include both condo owners and the families of victims.
• Judge Michael Hanzman set a firm trial date for March 27, 2023, and refused to consider any continuance which likely also helped facilitate the settlement.

Litigation arising from the June 2021 collapse of a condominium building in the Miami suburb of Surfside, Florida, has moved one step closer to final resolution with a $997 million proposed settlement.¹  The collapse tragically killed ninety-eight people and displaced all residents of the Champlain Towers South condominiums in Surfside.  Deteriorating concrete, poor drainage, and disruption due to construction on an adjacent building likely combined to cause the fatal collapse.²  As a result, victims and their families brought claims against a number of defendants.