$150M For Victims Of Florida Condo Collapse

$150M For Victims Of Florida Condo Collapse

Introduction

A Florida judge has announced a $150 million settlement for the victims and families who suffered losses because of the collapse of a 12-story oceanfront condominium. The settlement will not only provide benefits for the condo owners but even the visitors and people staying on rent will get the compensation. The incident took place on June 24, killing 97 people and resulting in several lawsuits. The lawsuits are being consolidated in a single class action to cover all the victims. As per the reports, 97 victims of the collapse have been identified using DNA analysis. Two victims were unidentified, but later, the name of one of them was revealed. The debris at the site of the tragedy has been cleared, and the investigation is still in process. The victims included a Canadian lady who was visiting her friend residing in the condo. Her family was in much agony and rushed from Canada as soon as they heard about the mishap. Three years earlier, an engineer warned about the serious structural issues of the condo. The building was undergoing a 40-year recertification process when it collapsed. The owners of the condo have different opinions on the rebuilding of the condo. Some of the owners want a memorial to be built at the site to honor the people who died in the collapse. Some owners want a complete rebuilding of the condo so that they can move back in, and some want to combine both options.