Settlement administrators often play a crucial role in reaching and finalizing class action settlements. These administrators can help efficiently manage settlements by ensuring precision and thoroughness. If a firm has not retained an administrator to help with a class action, there is a good chance that the court will appoint one. A court in Canada recently determined what obligations a class action settlement administrator has when evaluating an individual class member’s claim. The court concluded that the settlement agreement terms will play the biggest part in establishing an administrator’s role. read more
As a claims administration professional, one of the first questions my clients ask me is, “how can we get more claims?” Maximizing the claim filing rate helps to ensure that the class benefit reaches as many class members as possible, which now more than ever is an important factor in obtaining final approval. Once the parties have agreed on the settlement, generally there is an agreement to maximize the claim filing rate. Since it benefits both parties, it makes sense to implement some common sense practices. read more
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