A class action settlement has been reached that would end allegations that New Jersey Burlington Coat Factory locations used reference prices that were fake — the items had never been offered for sale at the price listed. The plaintiffs said that the fake pricing tricked consumers into thinking they were getting a deep discount.
Full Answer
How long does it take to get money from a class action settlement?
The answer is typically between one and six weeks after your attorney reaches a settlement or the judge hearing your case awards you monetary damages.
What is the biggest lawsuit settlement?
$206 billion The largest civil litigation settlement in U.S. history occurred in 1998 between the attorneys general of 46 states, Washington, D.C., and five U.S. territories, and the nation's four largest tobacco companies.
What happens if you win a civil suit?
When you "win" a civil case in court, the jury or judge may award you money damages. In some situations the losing party against whom there is a judgment (also known as a debtor), either refuses to follow the court order or cannot afford to pay the amount of the judgment.
How is a class action lawsuit paid out?
How Is a Class Action Lawsuit Paid Out? If your class action lawsuit is successful, you will receive a portion of the settlement or court award. Plaintiffs are paid by a lump-sum payment or a structured settlement. Smaller payouts are usually dispersed as a single payment.
Who paid the biggest lawsuit in history?
Drugmaker Pfizer Inc. and one of its subsidiaries agreed to pay $2.3 billion to settle civil and criminal charges regarding its marketing of the drug Bextra.
What is the largest civil rights settlement in history?
The consolidated Pigford and Brewington cases were settled by the parties in 1999 and became the largest civil rights settlement in history.
What is the biggest lawsuit in American history?
Big Tobacco Of all of the class action lawsuits in US history, the Big Tobacco settlement by far takes the cake for the largest settlement of all time.
What is the highest wrongful death settlement?
Top 100 Wrongful Death Settlements in the United States in 20181Amount:$160,000,000.00Case:Decedent Worker's Estate v. General Contractor, et al.Type:Construction Accident, Negligent Supervision, Work Accident, Workplace Safety, Wrongful Death, Fall, Contractor Negligence, Negligent TortState:Massachusetts199 more rows
How do insurance companies determine the value of a settlement in Burlington County?
As a rule of thumb, insurance companies determine settlement value in Burlington County for pain and suffering by multiplying the victim’s damages, such as lost pay and medical bills, by a certain number . For example, if the individual breaks a leg and has medical expenses of $10,000 and loses the same amount in pay, the insurance company may multiply that $20,000 by three to come up with a $60,000 settlement figure.
How much does a per diem settlement cost?
A plaintiff’s attorney may use a per diem method to calculate a reasonable pain and suffering settlement. This method uses a specific amount, such as $100 per day, as payment from the date of the accident to the time the victim is fully recovered.
Does New Jersey have a limit on pain and suffering?
Unlike many states, New Jersey does not place arbitrary caps on pain and suffering awards. Under New Jersey Statute 2A:15-5.14, the only limit on damages is for punitive awards, which are limited to either five times the defendant’s liability for compensatory damages or $350,000, whichever is less.
