What does “Notice of Settlement of Entire Case” mean?

Full question:

What does “Notice of Settlement of Entire Case” mean?

Answer:

A class action is a representative action wherein one or more plaintiffs actually named in the complaint, along with their counsel bring a lawsuit on behalf of themselves and the defined class against one or more defendants. The claims of the "class representatives" must arise from facts or law common to the class members. Most class actions are called "plaintiff class actions", where group of plaintiffs sue an individual defendant.

If the class representatives agree to settle the case, notice must be sent to the members of the class. The settlement notice must fairly apprise the prospective members of the class of the terms of the proposed settlement and of the options that are open to them in connection with the proceedings. The notice must inform the class members: (1) of the nature of the pending litigation; (2) of the settlement's general terms; (3) that complete information is available from the court files; and (4) that any class member may appear and be heard at the fairness hearing.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

A settlement in a court case refers to an agreement reached between the parties involved to resolve their dispute without going to trial. This agreement typically involves one party agreeing to pay a certain amount of money or take specific actions in exchange for the other party dropping the lawsuit. Settlements can save time and legal costs, and they often provide more certainty than a trial outcome.