What is an aggregate settlement in a class action lawsuit?

An aggregate settlement in a class action lawsuit is a settlement agreement between the plaintiffs, or the group of individuals with a common legal complaint, and the defendant, or the company found responsible for the harm caused. In an aggregate settlement, the defendant agrees to pay a certain amount of money, either a fixed sum or a percentage of the total damages, to each of the plaintiffs as part of a settlement agreement. This amount of money is then distributed to each plaintiff based on their individual claim. The benefit of an aggregate settlement is that it can be a quicker and more efficient way to resolve a dispute, particularly when a large number of people are involved. An aggregate settlement also has the potential to provide a larger total amount of money than an individual settlement, as all the plaintiffs can pool their claims together and the defendant will agree to pay the total sum. In Idaho, an aggregate settlement may be the result of a class action lawsuit, which is a type of lawsuit where a group of people collectively bring a complaint to court. Class action lawsuits can be useful for smaller, individual claims that cannot be pursued on an individual basis due to cost or other circumstances. In such cases, the aggregate settlement will benefit all of the people involved in the lawsuit.

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What is an aggregate settlement in a class action lawsuit?

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