PRACTITIONER BLOG
Read our analyses of developments in Impact Litigation and stay current on class action law
Real People, Real Checks! Class Members Tell Us What It Means To Them
Settlement checks can add up to a significant amount. Some of the regular viewers on our website, Top Class Actions, know this to be true. These awesome individuals, our biggest fans, write to tell us about how they were able to qualify for enough settlements to recoup $1,000 or $3000, $4,000 a year. That's a lot of money for most people. It reminds me that when we’re engaging with communities on social media, like our teachers who live paycheck to paycheck, we are saying to them: This is your money—submit your claim!
Top 10 Tips For Your Next Class Action Settlement Mediation
It is the day we are all waiting for. Game Day. Mediation. Your firm has spent 1,246.7 hours on the case so far, but everything will happen in these 12 hours. By the end of the day, you are so emotionally exhausted from the mediator pounding on you, and so happy to have the mediator come in with a number that you can tolerate, that you walk out with a pending mediator’s proposal that only says the gross dollar value of the global settlement. Perhaps you leave the mediation with a handshake agreement, but without nailing down the details of the Memorandum of Understanding. Oops. The devil was in those particular details. Everyone who has negotiated a class action settlement has probably had some term he or she forgot to address at mediation, or in the MOU, that returned in drafting the “final” agreement as a big headache and put the deal at risk. I have. I have thought, at many class action mediations, “I wish I had a checklist so I would remember all the key terms.” Here it is...