“That the largest pre-trial settlement in a wrongful death case ever would be for the life of a black man sends a powerful message that black lives do matter and police brutality against people of colour must end,” said Floyd family attorney Ben Crump.
The $27m settlement also includes a $500,000 contribution from the Floyd family to the neighbourhood where Floyd died.
Floyd, a 46-year-old Black man, died on May 25 after officer Derek Chauvin, who is white, kneeled on his neck for nearly nine minutes while Floyd pleaded “I can’t breathe” and bystanders implored the officers to let him go.
Along with Chauvin, two other officers held Floyd to the ground while he was handcuffed. Floyd was arrested on suspicion of his using a counterfeit $20 bill to buy cigarettes at a Minneapolis grocery store.
Floyd’s death sparked protests in Minneapolis and across the US and led to a nationwide reckoning on racial justice.