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This document outlines the Settlement Agreement reached in the class action lawsuit Maria Barrios against Farmers Investment Co. concerning a data security incident that occurred in May 2022. The settlement provides reimbursement for ordinary and extraordinary losses incurred by Settlement Class Members as a result of the Data Incident, as well as credit monitoring services and security enhancements implemented by the Defendant.
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What is settlement agreement?
A settlement agreement is a legal contract between parties to resolve a dispute or claim without going to trial.
Who is required to file settlement agreement?
Typically, the parties involved in the dispute, usually the claimant and the respondent, are required to file a settlement agreement.
How to fill out settlement agreement?
To fill out a settlement agreement, carefully detail the terms of the settlement, including parties' names, the terms of the settlement, signatures, and any other necessary legal information.
What is the purpose of settlement agreement?
The purpose of a settlement agreement is to provide a resolution to a dispute that is satisfactory to all parties, thus avoiding the time and expense of litigation.
What information must be reported on settlement agreement?
Critical information that must be reported includes the names of the parties, a description of the dispute, the agreed-upon terms, and signatures of all parties.
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