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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.
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.
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.
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.
Courts generally find tuberosity where there are over 40 plaintiffs but far less likely to find tuberosity where there are less than 20 plaintiffs. To file a class action lawsuit successfully, it is wise to apply an experienced and skillful class action attorney for help.
The amount of compensation that you agreed to be typically all that you will receive even if you later discover that you had damages in excess of this award. In most cases, you cannot sue after a settlement. However, there are some exceptions where victims can still file a lawsuit after receiving a settlement.
Most bodily injury settlement checks take 1 to 3 days to clear. Once it clears, your attorney can write your check-out immediately. The bodily injury settlement check is usually made out to both the attorney's office and the client.
The Way Class Action Settlements Are Divided Generally, these lawsuits settle before going to court. Then, the lead plaintiffs are given an amount that is determined by their participation in the class action lawsuit. Finally, the rest of the settlement amount is divided among other class members.
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