A judge on Wednesday said families who suffered losses in the 12-story collapse of a South Florida condominium building will receive at least $150 million in initial compensation.
The figure includes insurance on the Champlain Towers South building in Surfside. Expected proceeds from the sale of where the property once stood is also included.
“The court’s concern has always been the victims here,” Miami-Dade Circuit Judge Michael Hanzman said at a hearing. “Their rights will be protected.”
The figure does not count toward any proceeds from any of the numerous lawsuits filed since the June 24 collapse. Those lawsuits have consolidated into a class action. As of Wednesday, at least 97 people have died.
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