What is an aggregate settlement in a class action lawsuit?

An aggregate settlement in a class action lawsuit is when a group of plaintiffs come together to collectively bring a lawsuit, and the amount of the settlement is shared by all of the plaintiffs. In Arkansas, this type of settlement is commonly used when a large number of people are affected by a single thing such as a product that turns out to be faulty or a company that is accused of negligence or fraud. The lawsuit is filed on behalf of the entire group, and the court will issue a judgment or ruling that will award one lump sum of money that is divided among all of the plaintiffs. The amount is an aggregate, or collective, settlement, and it is managed by the court-appointed lead plaintiff or a designated representative. It is then divided among the plaintiffs based on factors such as the type of damages suffered, the extent of the suffering, or the degree of complicity of the defendant. Class action lawsuits are often used when it would be difficult or impossible to file individual lawsuits for every affected person or group.

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What is an aggregate settlement in a class action lawsuit?

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