(MIAMI) — A nearly $1 billion settlement in last year’s shocking collapse of a Miami Beach condo building was unexpectedly announced during a routine status conference in a Florida courtroom Wednesday afternoon.
Lawyers involved in the class-action lawsuit representing tenants from the oceanfront building in Surfside announced a $997 million settlement had been worked out.
Upon the news, Miami-Dade Circuit Judge Michael Hanzman said he was “speechless.”
“That’s incredible news,” the judge said.
“I’m shocked by this result — I think it’s fantastic,” the judge told the courtroom. “This is a recovery that is far in excess of what I had anticipated.”
Litigation stemming from the catastrophic collapse in June 2021, which killed 98 people, had been moving slowly as the first-anniversary approaches.
ABC News’ Jared Kofsky contributed to this report.
This is a developing story. Please check back for updates.
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