What is the difference between a settlement class and a damages class?

A settlement class and a damages class are two forms of class action law in Arkansas. A settlement class is a group of plaintiffs/defendants who agree to settle the matter out of court. In this case, the defendant agrees to pay a lump sum of money or provide some other form of compensation for the class members in exchange for the claims being dropped. The settlement is typically administered by a court-appointed administrator and is typically distributed among all class members. A damages class, on the other hand, is a group of plaintiffs who pursue a lawsuit against the defendants in court. In this case, the plaintiffs are seeking monetary compensation for damages resulting from the alleged wrongdoing of the defendant. The class is typically represented by a class attorney who will argue the case on behalf of all class members in court. The court will then decide whether the plaintiffs have a valid claim and if so, determine the amount of damages to be paid to the class. If the court finds in favor of the plaintiffs, the class will be awarded the damages amount.

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What is the difference between a settlement class and a damages class?

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