![]() Potential AwardĪwards from class action settlements vary widely.įor example, Class Members who were part of the Red Bull Energy Drink Class Action Settlement received $10 cash or up to $15 in free Red Bull products. If you meet the criteria defined by the court, you can file a claim to receive a payout from the class action settlement. This will typically state the specific product or service at issue the dates the product/service was purchased the state(s) where the product/service was purchased, and any other relevant details. The two parties and the judge overseeing the case will agree to a clear Class definition, which will determine who is qualified to benefit from the class action settlement. Final Approval is only granted if the judge determines that the settlement terms are fair and once all objections (if any are filed) are resolved. The class action settlement does not become effective-and awards will not be distributed to valid claimants-until the judge grants Final Approval to the deal. Once Preliminary Approval is granted, the Settlement Administrator will start notifying Class Members, set up a website for Class Members to follow the settlement, and Class Members can start filing claims, if necessary. Once both the defendant and the plaintiffs tell the court that they agree to the terms of the class action settlement, the judge will typically grant Preliminary Approval to the deal. ![]() Other companies will settle immediately if they wish to avoid the negative press that could come with fighting a class action lawsuit or for a variety of other reasons. Some companies will spend months or years fighting a class action lawsuit and won’t settle the case until the Class is officially certified by the judge overseeing the class action lawsuit. ![]() In most cases, the company facing the class action lawsuit would rather settle the class action lawsuit than go through the expense and uncertainty of going to trial. It’s important to note that a class action settlement is not an admission of guilt on the part of the defendant. A class action settlement is reached when both parties in a class action lawsuit have decided that they no longer want to continue litigating the allegations in the class action lawsuit and want to settle the lawsuit, typically with a monetary benefit to the Class.
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