What is an aggregate settlement in a class action lawsuit?

An aggregate settlement in a class action lawsuit is when a group of people collectively file a lawsuit against a single person or entity. This type of settlement is common in Washington because it allows all members of the class to come together to seek compensation from the same defendant. In a class action lawsuit, each person that is part of the class is seeking compensation for any damages that were suffered as a result of the defendant’s actions. All the members of the class will come together to collectively negotiate with the defendant for a single settlement. This settlement will then be divided among the members of the class. An aggregate settlement allows for members of the class to negotiate a lump sum payment from the defendant. This payment is then shared amongst the members of the class, and each individual receives an equal share. This is beneficial as it allows everyone to recover some compensation even if they are unable to pursue their individual cases. Additionally, when the settlement is reached, all members of the class must agree to the settlement and sign off on it, meaning that everyone will receive the same compensation amount. This ensures that no one is left out or treated unfairly in the negotiation process. Overall, an aggregate settlement in a class action lawsuit is an effective way of seeking compensation when a group of people have all been wronged by the same defendant. It allows them to come together and negotiate a single payment that can be divided amongst all members of the class. It is an important part of class action law in Washington.

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What is an aggregate settlement in a class action lawsuit?

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