Does a class action settlement need to be approved by a court?

Yes, a class action settlement needs to be approved by a court in New York. This is because a class action lawsuit is a legal case that has been brought to court by a group of people with similar legal complaints, or plaintiffs. During the class action lawsuit, the court must determine if the case is suitable to be handled as a class action. The parties involved in the class action lawsuit then attempt to create a settlement agreement which will resolve the case. Once the settlement agreement is created, it must be submitted to the court for approval. During this process, the court will review the agreement and decide if it is fair and adequate. If the court finds the agreement reasonable, it will approve the settlement and all the parties involved will be bound to the settlement agreement. If the court rejects the settlement agreement, the parties involved may attempt to negotiate a new settlement agreement or the court may rule on the case and provide a decision. Therefore, if the group of plaintiffs wishes to resolve the class action lawsuit, the settlement agreement must be reviewed and approved by the court.

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Does a class action settlement need to be approved by a court?

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