The class action settlement process is a complex one, and it requires the expertise of a settlement administrator to ensure that it runs smoothly. Our team of subject matter experts has decades of experience managing some of the largest and most complex settlements in the United States. When two parties to a class action lawsuit decide that they no longer want to litigate and want to reach a settlement, usually with a monetary benefit to the group, a class action settlement is reached. For example, members of the Subaru oil burning class action could receive an extended warranty, in addition to any costs related to the alleged problem.
Once preliminary approval is granted, the settlement administrator will begin notifying group members, create a website for group members to follow the agreement, and group members can start filing claims, if necessary. The two parties and the judge overseeing the case will agree to establish a clear definition of the class action lawsuit, which will determine who qualifies to benefit from the settlement. The settlement administrator is responsible for managing all aspects of the settlement process, from notifying people who are covered by the agreement (called “group members”) to distributing money once the settlement has received final approval. The class action settlement will not take effect and awards will not be distributed to valid plaintiffs until the judge grants final approval. The role of the settlement administrator includes reviewing claim forms and approving or rejecting them, as well as paying prizes for valid claims. Using a special teacher and allocation-neutral services can greatly streamline the process of resolving a class action lawsuit.