What is an aggregate settlement in a class action lawsuit?

An aggregate settlement in a class action lawsuit is when a court approves a settlement between the plaintiffs and the defendants that involves a payment to all members of the class who are not excluded from the settlement. The payment is usually distributed among members of the class after it has been approved by the court. This usually happens if the parties involved cannot agree upon an individual settlement for each member of the class. In Kansas, the settlement amount approved by the court must be fair, according to the rules of the court. It must also be reasonable and the terms of the settlement must be clearly outlined in the agreement. Each party must also be aware of their rights and potential liabilities before any settlement is approved. The court will usually require an estimate of the total cost of the class action lawsuit along with the estimated amount that would be awarded to each class member if they had won a judgment. This is so that the court can gauge the fairness and reasonableness of the settlement. The court can also order that the settlement funds be held in a special account for the benefit of the class members. In a class action suit, an aggregate settlement is a way for all class members to receive some compensation for their part in the suit and to end the case without further court proceedings. It is important that the court ensures that the settlement terms are fair and reasonable and that all potentially liable parties are aware of their rights and liabilities before the settlement is approved.

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What is an aggregate settlement in a class action lawsuit?

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