A class action settlement occurs when both teams in a class action lawsuit opt to quit litigating the allegations and, instead, solve the suit with a monetary benefit. Remember, a class action settlement is not an admission of guilt. In most instances, the organization facing the lawsuit prefers to settle it than go through an expensive trial. Specific organizations spend many years fighting cases, while others solve the issue immediately to prevent negative press. Below we discuss everything you need to know about class action settlement. Who is Eligible? The…
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