What does “Notice of Settlement of Entire Case” mean?
Full Question:
What does “Notice of Settlement of Entire Case” mean?
08/19/2007 |
Category: Civil Actions |
State: ALL |
#8060
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.