MIAMI (CBSMiami) – A tentative settlement has been reached between lawyers for victims of the Surfside building collapse.
An order granting the allocation agreement got preliminary approval.
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The agreement is between those who have a property claim and those who have a wrongful death or personal injury claim and creates an $83 million “common fund” to compensate unit owners.
That’s for their condominiums and contents — and in exchange, unit owners will be relieved from any liability for injury and wrongful death claims.
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The judge added that unit owners may opt-out, but run the risk of “receiving nothing” for the value of their units.
