What is an aggregate settlement in a class action lawsuit?

In a class action lawsuit in Alaska, an aggregate settlement is the agreement between the plaintiff (the people who brought the lawsuit) and the defendant (the person or company they are suing). This agreement is designed to settle the class action lawsuit in a fair and equitable way for both parties. An aggregate settlement is an agreement that states how the defendant will pay the plaintiffs for the damages caused by their actions. This settlement can include monetary compensation, or it could include other remedies such as policy changes or actions that the defendant must take to correct or prevent the same issue from occurring again. The settlement is usually designed to benefit not only the plaintiffs, but also the defendant, by providing a resolution that will help them avoid further costly litigation. In an aggregate settlement, all of the plaintiffs are treated as a single group, called the "class," and the settlement is distributed fairly to the members of the class based on the individual facts and circumstances of each case. To be fair, the settlement amount will also be distributed equally amongst all members of the class. By having an aggregate settlement, the class action lawsuit is resolved quickly, efficiently, and fairly for everyone involved. The settlement should also serve the public good by forcing the defendant to make changes in order to prevent the same issue from occurring again.

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What is an aggregate settlement in a class action lawsuit?

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