Class Action Settlement

A class action settlement occurs when a group of people collectively bring a lawsuit against a company or organization for similar grievances, such as consumer fraud or discrimination. If the case is settled, the defendant agrees to compensate the group without admitting wrongdoing. The settlement often includes monetary payments to affected individuals and changes in the defendant's practices. It's an efficient way for many people with similar claims to seek justice, rather than each one filing separate lawsuits. The settlement terms are typically approved by a court to ensure fairness.