Class action lawsuits play a vital role in the legal system by allowing individuals with similar claims to unite against a common defendant. Whether you’ve been wronged by an employer, a corporation, or another entity, class actions provide a pathway to seek justice collectively. At Olivier & Schreiber P.C., we’ve handled a wide range of successful class action cases, and in this post, we’ll demystify the settlement process for you—from definition to payout.
A class action settlement occurs when the parties involved in a class action lawsuit agree to resolve their dispute without proceeding to trial. This resolution typically involves the defendant paying a negotiated sum to the class (i.e., the group of people bringing the claim). The settlement amount is then distributed among class members according to a pre-determined plan. Settlements can cover a variety of claims, such as wage theft, discrimination, defective products, or false advertising.
Class action settlements aim to provide compensation for damages while addressing systemic issues, often leading to broader policy or procedural changes by the defendant.
For clients, the process can seem complex, but understanding the steps can make it less daunting. Here’s a quick breakdown of the key procedures:
The entire process, from negotiation to payment, can take several months to years, depending on factors like the complexity of the case or unforeseen delays.
Payouts are typically calculated based on the total settlement amount and the number of valid claims. For example:
Additionally, fees for attorneys and administrative costs are deducted from the total settlement, as approved by the court.
To safeguard your compensation, follow these guidelines:
Olivier & Schreiber P.C. is proud to represent those wronged by unlawful practices. If you’re part of—or believe you could benefit from—a class action, we’re here to guide you with compassion. Contact us today to explore your options and secure the justice you deserve.
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