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Lawyers say $997 million settlement reached for Southside condo collapse survivors

ST. PETERSBURG, Florida (AP) — A nearly $1 billion tentative settlement has been reached in a class-action lawsuit brought by families of victims and survivors of last June’s condominium collapse in , Florida, an attorney said Wednesday.

Harley S. Tropin announced the $997 million settlement during a hearing before Miami-Dade Circuit Court Judge Michael Hanzman. Still pending final approval, the settlement involves insurance companies, developers of an adjacent building and other defendants.

“I’m shocked by this result — I think it’s fantastic,” Hanzman said. “This is a recovery that is far in excess of what I had anticipated.”

Earlier this year, Hanzman had approved an $83 million settlement to compensate people who suffered economic losses such as condominium units and personal property. A key question from the beginning has been how to allocate money from the property’s sale, insurance proceeds and damages from lawsuits among wrongful death cases and property

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