In a surprise development, the class-action litigation over the collapse of Champlain Towers South has been settled, a state court judge was told Wednesday, with plaintiffs expected to receive just under $1 billion.
The comprehensive settlement announced in Miami-Dade Circuit Court Judge Michael Hanzman’s courtroom effectively closes the litigation phase of the case. Still to be decided is the share survivors and family members of the 98 victims will receive.
Hanzman hoped to have the case resolved before the one-year anniversary of the collapse of the 136-unit oceanfront building in Surfside that fell at 1:22 a.m. on June 24. They include 8701 Collins Development, Terra Group, Terra World Investments, John Moriarty and Associations of Florida, NV5, DeSimone Consulting Engineers, Morabito Consultants, the town of Surfside, Becker and Poliakoff and Champlain Towers South Condominium Association.
The Eighty Seven Park firms deny their work had anything to do with the collapse in 2021. They said the vibrations, which were measured and monitored, were too low to have caused “structural damage to any portion of Champlain Towers South.”
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