Authored by: Ollie Lammers
According to Law.com, a tentative deal will pay $83 million to people impacted by economic and property losses for the collapse of condos in Florida.
Champion Towers was under structural review when the building collapsed. The collapse of the building buried victims in rubble, destroying homes and leading to the death of 98 people.
A concern was how the funds from selling the property and insurance claims would impact victims in the lawsuits against Champion Towers.
The legal team representing the condo owners says those who participate in the $83 million agreement won’t be subjected to assessments from Florida law that allow condo associations to cover legal fees.
Champion Towers had 136 units, but many were for out-of-town rentals. Some condo owners are part of the economic and property loss lawsuit and the wrongful death litigation.
The wrongful death case is not part of the agreement and will proceed with legal proceedings.