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

The difference between a settlement class and a damages class in Florida class action law is that a settlement class is designed to benefit all the members of the class, while a damages class is designed to seek monetary compensation for the class as a whole. A settlement class resolves a dispute and provides a benefit to the entire class of people. This could include terms such as a product recall, modifications to current practices, or an apology. In this case, the class does not receive monetary compensation, but instead receives an agreed-upon remedy. A damages class, on the other hand, is designed to obtain monetary compensation for the class as a whole. This compensation can be used to pay for medical expenses, lost wages, punitive damages, or other expenses related to the harm caused by the defendant. In this case, the court needs to calculate the total damages suffered by the class and determine the amount of compensation to be awarded. In both cases, the court must approve the settlement or damages class. This is to ensure that the class receives the relief they are entitled to. Additionally, the court needs to ensure that the class members have a full understanding of the class action and that their rights are being taken into consideration.

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

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