Legal News

$38M Settlement for Minn. Bridge Victims

Minnesota lawmakers have reached a compensation agreement in connection with last summer's Minneapolis bridge collapse, including a $38M settlement fund for victims and their families.

On August 1, 2007, an Interstate 35W bridge collapsed over the Mississippi River in Minneapolis, killing 13 people and injuring dozens. According to the Minneapolis Star Tribune, today's settlement agreement would set up two funds for the 183 victims of the collapse: one $24M fund for victims and their families -- capped at $400,000 per individual -- and a supplemental $12.64M fund for damages above $400,000 for those "extraordinarily impacted" by the collapse. The agreement requires final approval by the Minnesota legislature. CNN.com reports that a National Transportation Safety Board (NTSB) investigation into the cause of the bridge collapse is ongoing.

• Deal Reached for Bridge Collapse (Minneapolis Star Tribune)
• $38 Million Deal Reached in Minn. Bridge Collapse (CNN.com)
• Accident & Injury Center (FindLaw)
• Resolution Before Trial: Settlement (FindLaw)

Full post as published by FindLaw's Common Law on May 02, 2008 (boomark / email).