Lawyers awarded $70M+ fees in deadly Florida condo collapse
The total was less than the approximately $100 million attorneys with the 17 law firms had requested, but there were no guarantees initially they would ever be paid in the days after the Champlain Towers South building fell June 24, 2021, killing 98 people.
Miami-Dade Circuit Judge Michael Hanzman said surviving family members and people who only lost units and property got far more in compensation than is typical in such large class-action cases — and this lawsuit was settled in only a year's time.
“That is a remarkable result. It is unprecedented,” Hanzman said at a hearing. “They are not getting a meager recovery here. They are in essence being made whole, which never happens in these cases.” Hanzman also remarked that the case “could have been an absolute disaster.”
"It had so much potential to go off the rails,” the judge said. “If things had not turned out well, they (attorneys) would have walked away with nothing.”
Still, the judge said the full $100 million in legal fees requested was too much. He noted not only that lawyers were not promised a dime initially when they took the Champlain Towers case but also that their swift settlement meant a reduction in the hours involved.
Some survivors also questioned the higher amount as too generous given the scope of the tragedy, even as they acknowledged the extraordinary outcome.
“No one should be profiting from the death of 98 humans,” said Marin Langerfeld, who lost his sister and her husband in the collapse.
“This is the most difficult thing that has happened to our family's lives,” added Kevin Spiegel, whose wife Judith died. “We will always carry this around.”
The settlement money comes from 37 sources, including insurance companies, engineering firms and a luxury condominium building whose recent construction next door is suspected of contributing to structural damage of Champlain Towers South. None of the parties admit any wrongdoing.
A billionaire developer from Dubai purchased the 1.8-acre (1-hectare) beachside site for $120 million, contributing to the settlement. It's not clear yet what structure will rise on the site.
Hearings before Hanzman and a second judge on the wrongful-death claims have taken place over the past five weeks. Michael Goldberg, the court-appointed receiver overseeing the case, said checks should be distributed to those families who lost loved ones beginning in mid-September. Those who lost only property will receive the full assessed value for their units, with taxes and other costs forgiven.
One of the plaintiffs' lead lawyers, Harley Tropin, said the $100 million was the absolute ceiling for attorney fees and that the group was satisfied with whatever was awarded.
“It was an honor to be chosen to try to get a result on behalf of these victims. There's no victory lap here,” Tropin said. “The victims come first. We're good.”
Champlain Towers South had a history of maintenance problems, and questions have been raised about the quality of its original construction and inspections in the early 1980s. Other possible factors in the collapse are sea level rise caused by climate change, which could cause damage from saltwater intrusion.
A final conclusion on the cause is likely years away. The National Institute of Standards and Technology is overseeing the investigation.



Allsup Explains How New Federal Law Addresses Healthcare for Americans In Three Ways
Installing rooftop solar panels can get your home insurance canceled [South Florida Sun-Sentinel]
Advisor News
- The silent retirement savings killer: Bridging the Medicare gap
- LTC: A critical component of retirement planning
- DOL proposes new independent contractor rule; industry is ‘encouraged’
- Trump proposes retirement savings plan for Americans without one
- Millennials seek trusted financial advice as they build and inherit wealth
More Advisor NewsAnnuity News
- F&G joins Voya’s annuity platform
- Regulators ponder how to tamp down annuity illustrations as high as 27%
- Annual annuity reviews: leverage them to keep clients engaged
- Symetra Enhances Fixed Indexed Annuities, Introduces New Franklin Large Cap Value 15% ER Index
- Ancient Financial Launches as a Strategic Asset Management and Reinsurance Holding Company, Announces Agreement to Acquire F&G Life Re Ltd.
More Annuity NewsHealth/Employee Benefits News
- Otsuka Medical Devices/Otsuka Pharmaceutical: Paradise Ultrasound Renal Denervation System for the Treatment of Resistant Hypertension, Now Covered by Insurance and Commercially Available in Japan
- After enhanced Obamacare health insurance subsidies expire, the effects are starting to show
- CommunityCare: Your Local Medicare Resource
- AG warns Tennesseans about unlicensed insurance seller
- GOVERNOR HOCHUL LAUNCHES PUBLIC AWARENESS CAMPAIGN TO EDUCATE NEW YORKERS ON ACCESS TO BEHAVIORAL HEALTH TREATMENT
More Health/Employee Benefits NewsLife Insurance News
- Baby on Board
- Kyle Busch, PacLife reach confidential settlement, seek to dismiss lawsuit
- AM Best Revises Outlooks to Positive for ICICI Lombard General Insurance Company Limited
- TDCI, AG's Office warn consumers about life insurance policies from LifeX Research Corporation
- Life insurance apps hit all-time high in January, double-digit growth for 40+
More Life Insurance News