Victims of the collapse of a 174-foot pedestrian bridge near Florida International University’s Sweetwater campus in March 2018 are on course to receive a $103 million settlement after U.S. Bankruptcy Judge A. Jay Cristol approved a reorganization plan for general contractor Magnum Construction Management on Friday, Law.com reported. Formerly known as Munilla Construction Management, the company filed for chapter 11 protection in March. The reorganization plan includes the settlement, which will be distributed in January, provided it survives as anticipated during an appeal window ending Dec. 28. Six people died and and 10 were injured when 950 tons of concrete and metal collapsed onto a state road, Southwest Eighth Street. It resulted in litigation over alleged design flaws and other errors, which will be resolved under the reorganization plan. The plan follows an earlier settlement between MCM and its insurer, which agreed to pay $42 million to victims and their families.
