Relatives of those killed in one of the deadliest structural building failures in American history have agreed a settlement of almost $1 billion, at the end of an accelerated judicial process designed to bring rapid closure to the families.
The $997 million payout for the Surfside, tragedy was announced in a Miami court hearing on Wednesday, overseen by Circuit Court Judge Michael Hanzman.
Family members of the 98 people who died in the June 2021 horror sued the building's insurers, developers of a neighboring apartment building, an engineering firm that warned of the tower's structural issues, and other defendants.
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