Co-authored by Rodger Eckelberry Defendants settle class actions to buy peace and put litigation behind them. Plaintiffs settle class actions to guarantee at least some recovery, and to avoid prolonged litigation. A settlement benefits no one, though, if the settlement is not approved by the court or if approval is reversed on appeal. The Ninth … Continue Reading
What to do with unclaimed settlement funds is a common problem facing class action litigants. There are at least four methods of distributing unclaimed settlement funds: (1) reversion of unclaimed funds back to the defendant; (2) payment to those claimants who did make claims on a pro rata basis; (3) letting the funds escheat to the … Continue Reading
Posted in Settlements
