How do class action settlements differ from other types of settlements?

Class action settlements are different from other types of settlements because they involve a group of people who have suffered a particular harm due to the same cause. This type of settlement resolves the claims of a large group of people at once rather than having to separately resolve the claims of each individual person who has been harmed. In a class action settlement, a single lawsuit is filed on behalf of the group and a single judgment or settlement is reached. This means that any compensation for damages, court costs, and attorneys’ fees are divided among the members of the class. This is more beneficial to the people harmed than if each individual person had to file a separate lawsuit, as it ensures they get their fair share of the settlement without having to incur the time and expense associated with filing a lawsuit. In Idaho, many class action lawsuits are filed on behalf of consumers who have been harmed by a particular product or company’s practices. These suits often ask for relief in the form of refunds for the cost of the product, or other damages they suffered due to the company’s conduct. A favorable ruling on the settlement can result in significant compensation for the group of harmed consumers.

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How do class action settlements differ from other types of settlements?

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