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Who Gets The Most Money In A Class Action Lawsuit. Contrary to the picture presented in the media, most of the money in a class action settlement goes to the injured plaintiffs. While the class' attorneys typically take a percentage, the court will restrict their payment to a reasonable amount.
One lawsuit is filed on behalf of everyone in the group, all claims are tried in a single court, and all members receive compensation, regardless of the degree of harm they suffered. All kinds of injuries are grounds for a class action lawsuit.
Settlement money from a class-action lawsuit doesn't usually amount to much, maybe a few dollars. Occasionally, class-action suits can be very profitable for people other than the attorneys. I'm a good example: I just received a check for almost $1,400. You need to seek out these rare money opportunities.
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.
In most class actions, you need not do anything to join the lawsuit. Most class actions are opt-out lawsuits. In general, you don't need to do anything to “join” a class action. If your legal rights are affected by a class action, you usually will only need to get involved once the case settles.
If all 40 million people who had a debit or credit card compromised file a claim, each one could receive just 25 cents, assuming none of them can document their financial losses. However, Hyundai owners will receive an average of $353, and Kia owners will receive an average of $667.
Is it worth it to sue? For most people, the answer is no. That's one of the huge advantages of class action lawsuits. They allow a large group of injured parties to receive just compensation, even if their individual claims are relatively small.
You receive a letter, card or email indicating you might be eligible to participate in a class-action lawsuit. Class-action suits rarely end with significant payouts to the little guys. In fact, in most cases only two sets of participants reap any real rewards: the attorneys and the named or represented plaintiffs.
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