What is a graduated class action settlement?

A graduated class action settlement is a type of class action settlement where the members of the class are divided into “tiers” or “levels” based on the amount of damages they have suffered from the violation of the law. Each tier or level is awarded a different amount of compensation. Typically, the members of the highest tier receive the most money, and the members of the lowest tier receive the least amount of money. In Alaska, the graduated class action settlement must be approved by a judge. The court will look at the facts of the case, the likelihood of success, and the damages that each tier of class members has suffered. If the judge approves the settlement, the class members will receive the money as outlined in the agreement. Graduated class action settlements are beneficial to class members in that they distribute money evenly to all the members, regardless of whether they are in the highest or lowest tier. Also, this type of settlement allows for a quick resolution of a case without the need for a trial. The money given to each member is also usually much larger than what they could recover on their own. Overall, a graduated class action settlement is a beneficial way for members of a class to resolve a case without lengthy legal proceedings and with a more even distribution of money. It is used often in Alaska and can provide a satisfactory resolution of legal claims.

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What is a graduated class action settlement?

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