What is a class action condition of settlement?

A class action condition of settlement is an agreement between the two sides in a class action lawsuit in which they agree to a set of terms that both sides accept in order to resolve the dispute. It typically settles the lawsuit and provides a compensation or remedy to those included in the class. This settlement is usually enforced by a court order and the court is responsible for making sure the terms of the settlement are carried out. In Idaho, a class action settlement can include financial relief for the class, such as money, as well as a non-financial remedy, such as an injunction requiring the defendant to change their conduct. It can also provide members of the class with information, such as details about the lawsuit, or a notice about the settlement so that class members can make informed decisions about their rights. Sometimes, the class action settlement will also create a fund for attorney’s fees or costs, which is to be paid out of the funds recovered in the settlement. Finally, the settlement may also include instructions on how to contact class members in order to distribute the settlement funds, or how the court and the parties will allow class members to opt out of the settlement or object to it.

Related FAQs

What types of cases can be brought as class action lawsuits?
How does class certification affect a class action lawsuit?
What is the class representative responsibility in a class action lawsuit?
What rights does a plaintiff have in a class action lawsuit?
What is the difference between a class action and a mass tort?
What is a class action condition of settlement?
Does a class action settlement need to be approved by a court?
What is a class action waiver?
What is an aggregate settlement in a class action lawsuit?
What are the costs of a class action lawsuit?

What is a class action condition of settlement?

Related FAQs

Related Blog Posts