What is an aggregate settlement in a class action lawsuit?

An aggregate settlement in a class action lawsuit is when a large group of people who have been wronged by the same entity receive a single payment to compensate them for their losses. This type of settlement is beneficial to both the plaintiffs and the defendants in a class action suit. The plaintiffs can often receive a larger amount of money or other compensation with this type of settlement than if they had pursued individual claims. The defendants, on the other hand, can save money and resources by being able to settle the group’s claims all at once. In Hawaii, aggregate settlements in class action lawsuits can be negotiated in various manners. For example, the parties may agree to a specific amount that will be paid out to each plaintiff, or the parties can agree to a formula or method for determining the settlement amount. The details of the settlement will depend on the nature of the dispute and the interests of all the parties involved. Finally, it’s important to remember that in order for an aggregate settlement to be valid, the court must approve it. This approval is necessary to ensure that the settlement is fair to all the parties involved and meets the requirements of the law. As such, class action lawsuits in Hawaii often involve courts and lawyers to help determine the outcome of the settlement.

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What is an aggregate settlement in a class action lawsuit?

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