Redress Settlement

A redress settlement is an agreement where a company or organization compensates individuals who have experienced harm or unfair treatment caused by their actions or negligence. It aims to rectify the situation, providing financial compensation, corrective measures, or other forms of relief. The goal is to acknowledge responsibility, restore trust, and prevent similar issues in the future. Redress settlements often result from legal negotiations, regulatory actions, or formal complaints, serving as a means to address grievances fairly without prolonged litigation.