What is a graduated class action settlement?

A graduated class action settlement is a form of settling a class action lawsuit in New York. It is a type of settlement that provides varying degrees of compensation to certain members of the class based on their specific needs. Graduated class action settlements are typically used when the initial damages are hard to quantify or when a single lump sum settlement won’t be enough to cover all the class members. Generally, the compensation is divided into tiers based on factors such as the member’s contribution to the case and the amount of damages they likely suffered. This way, all class members are compensated for their injury to some degree. Graduated class action settlements can also be used to maximize the benefits for the class members. For example, the settlement may provide a higher degree of compensation for those who experienced the greatest losses or most severe harm. The graduated class action settlement approach is an important tool in New York class action law. It helps ensure that the members of the class receive the compensation they deserve. Additionally, it allows class members to receive a settlement even if the initial damages are difficult to quantify. It’s a great way to get justice in a class action lawsuit.

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What is a graduated class action settlement?

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