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Florida condo collapse settlement reached, tops $1 billion

FILE - The names of some of the 98 killed are listed on a large banner that surrounds the site where the Champlain Towers South condominium building once stood, Thursday, May 12, 2022, in Surfside, Fla. Attorneys for the families who lost relatives or homes in last year’s collapse of a Florida condominium tower that killed 98 people finalized a $1 billion settlement on Friday, May 27, 2022. (AP Photo/Marta Lavandier, File) FILE - Pablo Langesfeld looks at the name of his daughter Nicole Langesfeld, Thursday, May 12, 2022, in Surfside, Fla., on a large banner with the names of the 98 killed in the collapse of the Champlain Towers South building. Attorneys for the families who lost relatives or homes in last year’s collapse of a Florida condominium tower that killed 98 people finalized a $1 billion settlement on Friday, May 27, 2022. (AP Photo/Marta Lavandier, File) FILE - Ronit Naibryf, right, shows Miami-Dade County Mayor Daniella Levina Cava, the name of her son Ilan Naibryf, Thursday, May 12, 2022, in Surfside, Fla., on a large banner with the names of the 98 people killed in the collapse of the Champlain Towers South condominium. Attorneys for the families who lost relatives or homes in last year’s collapse of a Florida condominium tower that killed 98 people finalized a $1 billion settlement on Friday, May 27, 2022. (AP Photo/Marta Lavandier, File) FILE - A shoe is seen amid debris at the edge of what remains of the Champlain Towers South condominium building Thursday, May 12, 2022, in Surfside, Fla. Attorneys for the families who lost relatives or homes in last year’s collapse of a Florida condominium tower that killed 98 people finalized a $1 billion settlement on Friday, May 27, 2022. (AP Photo/Marta Lavandier, File) FILE - Workers pump water out of the foundation of the former Champlain Towers South building, Thursday, May 12, 2022, in Surfside, Fla. Attorneys for the families who lost relatives or homes in last year’s collapse of a Florida condominium tower that killed 98 people finalized a $1 billion settlement on Friday, May 27, 2022. (AP Photo/Marta Lavandier, File) FILE - Rescue crews work at the site of the collapsed Champlain Towers South condo building after the remaining structure was demolished Sunday, in Surfside, Fla., Monday, July 5, 2021. Attorneys for the families who lost relatives or homes in last year’s collapse of a Florida condominium tower that killed 98 people finalized a $1 billion settlement on Friday, May 27, 2022. (AP Photo/Lynne Sladky, File) FILE - Christopher Rosa Cruz installs a large banner at the site of the Champlain Towers South condominium building, Thursday, May 12, 2022, in Surfside, Fla. The banner lists the names of the 98 people killed when the building suddenly collapse nearly a year ago. Attorneys for the families who lost relatives or homes in last year’s collapse of a Florida condominium tower that killed 98 people finalized a $1 billion settlement on Friday, May 27, 2022. (AP Photo/Marta Lavandier, File) FILE - A giant tarp covers a section of rubble where search and rescue personnel have been working at the Champlain Towers South condo building on Sunday, July 4, 2021, in Surfside, Fla. Attorneys for the families who lost relatives or homes in last year’s collapse of a Florida condominium tower that killed 98 people finalized a $1 billion settlement on Friday, May 27, 2022. (AP Photo/Lynne Sladky, File)