What is an aggregate settlement in a class action lawsuit?

An aggregate settlement is a type of settlement in a class action lawsuit. It is when a defendant agrees to pay all plaintiffs (members of the class) in a single payment. This payment is allocated among all class members, with funds being distributed on a pro-rata basis. In other words, the amount paid by the defendant is divided among the members in proportion to the extent of their individual loss. For example, if a group of people were asking for $10 million in a class action lawsuit, and there were 10,000 people in the class, each member would receive $1,000. This amount may vary depending on the circumstances of the case. In California, when a class action lawsuit is settled through an aggregate settlement, the settlement must be approved by a judge. At the approval hearing, the court will review the settlement agreement to make sure it is fair and reasonable to the class of plaintiffs. The court will also consider any objections that may have been filed. Once approved, the defendant will make the payment as agreed upon in the settlement. The settlement funds will then be distributed to the class members. It is important to note that the members of the class may have to pay taxes on the settlement funds they receive.

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What is an aggregate settlement in a class action lawsuit?

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