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

Class action settlements differ from other types of settlements in that they involve multiple people in a single lawsuit. In a class action settlement, a group of people (known as a "class") is represented by a single individual (known as the "class representative"). This class representative can be a lawyer or a non-lawyer. The class representative then negotiates a settlement with the defendant on behalf of the entire class. The settlement is usually a single sum of money that is divided amongst the members of the class. All of the class members have to agree to the settlement before it is finalized. In some cases, the settlement may also provide additional compensation such as refunds or product replacements. Class action settlements differ from other types of settlements in that the settlement is provided to the entire class and the individual members do not have to make individual claims for compensation. Furthermore, the settlement amount is usually much larger than what could be achieved through individual settlements. This is due to the fact that the defendant is motivated to settle the case quickly and avoid the costly and lengthy process of a trial. Class action settlements also provide an important opportunity for those who would otherwise not be able to seek legal redress for a wrong or an injury. In Washington, the courts may allow class action settlements to proceed if all of the members of the class are too numerous to reasonably pursue all of their claims individually.

Related FAQs

What is a class action certification?
What is the role of the class action expert?
What are class action federal rules of procedure?
What is a class action notice to class members?
What is the difference between a class action arbitration and a class action lawsuit?
What happens if a plaintiff does not agree with the terms of a class action settlement?
What are the pros and cons of a class action lawsuit?
What is the role of the court in a class action lawsuit?
What types of cases can be brought as class action lawsuits?
How do class action settlements compare to other types of settlements?

Related Blog Posts

What is Class Action Law and How Does it Affect You? - July 31, 2023
The Basics of Class Action Lawsuits: What You Need to Know - August 7, 2023
What to Expect When Filing a Class Action Lawsuit - August 14, 2023
What Are The Benefits of Participating in a Class Action Lawsuit? - August 21, 2023
How To Find a Reputable Class Action Lawyer - August 28, 2023