What is an aggregate settlement in a class action lawsuit?

An aggregate settlement in a class action lawsuit is a settlement that is made on behalf of a group of people. In Florida, a class action lawsuit is when multiple people join together to sue a defendant that has done something wrongful or negligent that affected the group of people. The group of people is often referred to as the ‘class’ in a class action lawsuit. An aggregate settlement is made when a class action lawsuit has been settled before it has gone to trial. The court would decide how much the settlement should be based on the evidence that is presented. The court-ordered settlement will then be split between the members of the class. The amount that each person in the class receives depends on the size of the settlement and the number of people that are in the class. An aggregate settlement can provide justice to a large group of people without each one of them having to go through a lengthy and expensive court battle. It allows the class to receive some financial compensation for the wrong they have experienced, without having to go through a lengthy court process. Aggregate settlements are usually more cost-effective and quicker than individual court cases.

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What is an aggregate settlement in a class action lawsuit?

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