Florida

First $ 150 Million for Victims of Florida Condo Collapse

Judges say victims and families who suffered losses from the collapse of a 12-story oceanfront Florida condo will initially receive at least $ 150 million in compensation.

Judge Michael Handsman said in a hearing Wednesday that the amount included insurance for the Champlain Towers South Building and expected returns from the sale of the surfside property that once had the building.

It does not include the proceeds of a large number of proceedings filed since the collapse on June 24, which killed at least 97 people.

These proceedings are integrated into a single class proceeding that may cover all victims and their families.

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First $ 150 Million for Victims of Florida Condo Collapse

Source link First $ 150 Million for Victims of Florida Condo Collapse

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