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Judge gives initial OK to $1B deal in Surfside condo collapse

Parts of a 12-story condo building collapsed in Surfside near Miami Thursday morning. Photo: Miami-Dade Fire Rescue via Twitter
Parts of a 12-story condo building collapsed in Surfside near Miami Thursday morning. Photo: Miami-Dade Fire Rescue via Twitter

Dade Circuit Judge Michael Hanzman said it was the best possible outcome given the loss of life and property in the June 2021 disaster.

A Florida judge has given initial approval to a settlement of more than $1 billion to families who lost loved ones in the collapse last year of a Surfside beachfront condominium building in which 98 people died.

The quick settlement Saturday of the unprecedented collapse of the 12-story Champlain Towers South building means that potentially years of court battles will be avoided.

The agreement had been announced on Friday and had been awaiting Miami-Dade Circuit Judge Michael Hanzman's approval.

Hanzman said it was the best possible outcome given the loss of life and property in the June 2021 disaster.