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    what is group settlement

    litigation group settlement

    0  Views: 337 Answers: 2 Posted: 13 years ago

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    Reaching an offical agreement,  that ends an argument.

    Group settlement occurs when the plaintiff (one who sues) is comprised of a group of people, or class action suit.  When they settle, they settle for all the people belonging to this class action group.


    For example, a class action law suit was initiated against Worldcom.  Hundreds of thousands of stock holders aka plaintiff sued Worldcom as one collective unit.  One of the possible outcomes would be a group settlement with the defendant, Worldcom.



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