Survivors and families of people who died in last year's collapse of a beachfront condo building near Miami in the US state of Florida have reached a settlement close to $1 billion.
“The settlement right now is $997 million. There will be approximately another $100m that we will recover for the victims,” Carlos Silva, a lawyer for the plaintiffs, said on Wednesday.
Part of Champlain Towers South, a 12-storey building built in 1981 in Surfside, a town north of Miami Beach, came tumbling down on June 24, 2021, as dozens of residents slept inside.
Except for a teenager rescued hours after the tower collapsed, search crews found no survivors and soon focused on recovering human remains.
A total of 98 people died in the collapse, with the last body identified nearly a month later.
A final report on the causes of the collapse has not yet been issued, although preliminary findings showed some of the building's structure appeared to be degraded.
The settlement, announced on Wednesday in a Miami-Dade County court, resolves a class-action lawsuit against several people and entities, including the developers of a building next to Champlain Towers South.
The suit claimed that vibrations from work on the adjacent site had contributed to the condo's collapse.
Harley Tropin, another of the plaintiffs' lawyers who presented the settlement agreement in court, praised it as bringing some degree of relief for survivors and the families of those who died.
“Although no amount of money will ever be enough to compensate them, we hope the closing of the legal chapter of this catastrophe will bring the victims some measure of solace,” Mr Tropin said.
The Florida judge handling the case, Michael Hanzman, had already approved an $83m settlement last March, but that only compensated the owners of condos in the building and not families of the deceased.
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
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The specs
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Price: expected to start at Dh1,432,000
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Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
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Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
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Springsteen: Deliver Me from Nowhere
Director: Scott Cooper
Starring: Jeremy Allen White, Odessa Young, Jeremy Strong
Rating: 4/5
Silent Hill f
Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
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In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
McLaren GT specs
Engine: 4-litre twin-turbo V8
Transmission: seven-speed
Power: 620bhp
Torque: 630Nm
Price: Dh875,000
On sale: now
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Company profile
Name: Oulo.com
Founder: Kamal Nazha
Based: Dubai
Founded: 2020
Number of employees: 5
Sector: Technology
Funding: $450,000