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Assuming there are no further appeals, class members generally receive payment about six to nine months after a settlement agreement is submitted to the court for preliminary approval, says Stuart Ross man, director of litigation at the National Consumer Law Center.
After months or perhaps years of legal proceedings, most clients will patiently await the finalization of their claim. If you are wondering, how long does it take to get money from a settlement, you can call the lawyer's office for verification. Most likely, the cash settlement will arrive within six weeks.
The average amount of time to receive a settlement check after a release is signed is about five to six weeks. However, several factors can delay this process from the specific process at your insurance company to debts and payments that may hold up your payment.
After accepting an offer of settlement for a personal injury claim you will usually receive your compensation money within 14-28 days from the date of settlement.
If it takes longer than a month to receive your settlement check, it's time to start asking questions. There may be a reasonable explanation for why the insurance company hasn't issued your settlement check. Common reasons for delays include: You haven't signed and returned the settlement and release agreement.
After settling an injury case, your lawyer will simply wait for the insurance company's settlement check to come in the mail. It's different if you won at trial, which could mean an appeals process needs to play out before you will see a check for the court-ordered damages award.
Many class actions settle before going to trial. When a class action lawsuit settles, a fund may be established by the defendant to compensate the victims. The judge presiding over the lawsuit will review the settlement to determine if it provides fair and adequate compensation to the class members.
Assuming there are no further appeals, class members generally receive payment about six to nine months after a settlement agreement is submitted to the court for preliminary approval, says Stuart Ross man, director of litigation at the National Consumer Law Center.
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