Allocation Agreement Altered; Final Approval Of $1B Condo Collapse Pact Sought

Mealey's ( June 16, 2022, 9:12 AM EDT) -- MIAMI — A Florida judge on June 13 issued a supplemental order approving a previously announced increase of the allocation settlement agreement for unit owners suing over the June 2021 partial collapse of Champlain Towers South (CTS) in Surfside, Fla., and granted a request by the receiver for an extension of the deadline to submit the proposed form escrow agreement due to a “dispute” between one group of settling defendants and its insurers....