A Judge Has Approved A £150 Million Compensation Settlement For People Affected By The
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A judge has approved a £150 million compensation settlement for people affected by the which claimed the lives of 72 people.
Lawyers representing Grenfell survivors, bereaved relatives and local residents said there had been a global settlement of about 900 cases.
A sum of £150 million compensation has been agreed, the High Court heard on Tuesday.
The judge, Senior Master Barbara Fontaine, said she approved 'overall settlement terms'.
The Royal Borough of Kensington and Chelsea, the London Fire Commissioner and cladding giant Arconic were among defendants involved, lawyers said.
The names of claimants did not emerge at Tuesday's hearing and no detail of individual amounts was outlined.
A total of 72 people lost their lives following the fire at the tower block in 2017
However, a judge approving a settlement means that the claimants will get the money.
Richard Hermer KC, who represented claimants, outlined detail of the overall settlement to the judge.
He said the settlement related only to civil court damages claims and would not affect the work of the public inquiry.
'No amount of money will ever truly compensate for what the claimants have had to endure,' he told the judge.
'This is a settlement purely of the civil claims for compensation meaning in finance.'
He added: 'The settlement does not right the wrong, it does not secure accountability.'
Defendants include the Royal Borough of Kensington and Chelsea and cladding giant Arconic
The judge specifically approved financial arrangements for settlements of claims made by eight children.
Lawyers said the children were part of the global claim.
They said a judge had to examine issues such as investment arrangements for compensation paid to children.
Judges would consider arrangements for claims made by other children at further hearings, they said.
Mr Hermer told the judge that, as well as agreeing compensation, defendants had agreed to put a total of about £50 million into a 'restorative justice project'.
<div class="art-ins mol-factbox floatRHS news" data-version="2" id="mol-47f67680-e90b-11ed-9de3-757cc53a77e7" website awards Grenfell survivors £150 million in 'global' settlement
