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

Class action settlements differ from other types of settlements in several ways. First, class action lawsuits are brought on behalf of a group of people, rather than just one or a few individuals. That means a single lawsuit can resolve the legal issues of many people who have been affected by the same problem. Second, one of the prerequisites for a class action lawsuit is that the group must be large enough that it would be impractical to pursue individual claims. Third, with a class action lawsuit, the court may appoint a lead plaintiff who is responsible for representing the collective interests of the group. Finally, in a class action settlement, the damages are usually divided among all the members of the class, rather than being paid out to just one or a few individuals as with other types of settlements. This ensures that the compensation is fair and just for everyone involved.

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