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It was probably easier to prove this single one rather than finding enough people for a class action.
Yeah, but it still shouldn't go to a single person. Better pay it as a fine to the state or distribute it to charities. Or, better yet pit the money into creating a foundation to help cancer victims.
Somewhere above the 10-100m$ range it loses any sort of compensatory purpose, both you and your eternal decendants could live off of just interest at that point and buy essentially anything.
No one ever actually gets paid out the full sum like this. I don't disagree that there are things that could and maybe should be done with this kind of cash but in cases like this its not always easy to prove a causal link between whatever chemicals and whatever illness. Regardless of what is done with the money this still sets a precedent and others will have an easier time suing for damages.