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Judge approves a $ 1 billion settlement a year after the collapse of a surfside condo

(CNN)Judge approves about $ 1 billion on the eve of the catastrophic condominium collapse in Surfside, Florida On Thursday, plaintiffs' lawyers confirmed the reconciliation of those affected by the disaster, which killed 98 people. The decision of the judge

establishes a tentative settlement reachedlast month among multiple parties and prevents the claim from being brought to justice. The settlement amount will be awarded to the survivors, the families of the deceased victims, and the owners of the damaged property.

Most of the collapse of the Champlain Towers South Building on June 24, 2021 was previously prosperous as residents were crushed or trapped under a huge pile of twisted metal and concrete. It suddenly turned a residential building into a catastrophic scene. It took a month for the search and recovery crewto find and identify all 98 victims between the ages of 1 and 92. This tragedy had a profound impact on the close Jewish community in South Florida, affecting families around the world, including Argentina, Paraguay and Colombia. In some cases, the entire family was killed.

An emotional scene unfolded in a Miami-Dade court on Thursday when Judge Michael Handsman of the Miami-Dade County Circuit presided over a three-hour settlement hearing. "Notable and moving" CNN.

In addition to affected families and homeowners, theparties involved in the settlement include condominium associations, surfside cities, engineering, construction and other businesses. increase. Development and maintenance of properties and adjacent development.

The final agreement reflects the total amount available to the victim, including payments from insurance claims and the expected multi-million dollar land sale of the property the tower once stood on. doing. Victims' families will be able to submit a claim form for compensation from the Reconciliation Fund.

At the hearing, at least three plaintiffs in the class proceedings agreed with the settlement. The parents whose children were killed, the spouses of the victims who died in the collapse, and the people at home. It was destroyed, First said.

When the tentative agreement was reached last month, Handsman praised the speed at which it was achieved "beyond the extraordinary."

"We are pleased to give this recovery to the victims we consider to be a very meaningful and significant step towards ending this horrific tragedy," said one of the plaintiffs' chief attorneys. Harley Tropine said. CNN when the tentative agreement was announced.

In March, Handsman approved another $ 83 million settlementfor the victims of the deceased's home and the heirs of the former condominium owner. ..