The Average Payout For A Class Action Detailed Analysis
A large settlement amount, which may be worth millions of dollars, is paid to each class member when a case is won. However, that settlement can be impacted by various factors which can lessen or heighten your overall compensation. Let’s look at some examples of a class action settlement and the factors that will impact the compensation. What Is a Class Action Settlement? A class action is different from other cases as it usually involves a large group of individuals – also known as members – seeking compensation after being negatively affected by an organization’s negligence....