What is a class action settlement?

A class action settlement is a resolution of a dispute between two parties (such as a company and a group of people) that is reached through mediation or a court hearing. In class action settlements, one side (the plaintiff) brings a lawsuit against the other side (the defendant) on behalf of a large group of people. The class of plaintiffs typically share a common legal claim, such as a product defect or deceptive advertising. If a settlement is reached, the defendant agrees to pay a certain amount of money to the group of plaintiffs as compensation for damages or losses. In some cases, the settlement may also include other terms such as changing the product or providing more information about the product to consumers. In Washington, if a class action settlement is approved by a court, it typically binds all class members who do not opt out of the settlement. This means that they do not have to take additional legal action to recover the damages they claim to have suffered.

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What is a class action settlement?

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