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Today's Terms
Clear sailing agreement
Definition:
An agreement made between counsel for plaintiffs and defendants during or after a settlement negotiations on the claims of a class whereby the defendant agrees not to object to a fee request of the counsel representing the plaintiff class.
Liasion counsel
Definition:
A liaison counsel is a mediator, an attorney that facilitates communication between the court and the class action members.
Intervention
Definition:
A person who is not originally named as part of the party to the litigation can intervene and seek approval to join the suit. Absent class members don?t have to intervene to share in any settlement, however.
More Class Action Terms >
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