Consulting with a settlement administrator early in the process may shed light on potential obstacles. Prior to filing for preliminary approval, a settlement administrator can review and help with complicated steps such as the plan of allocation, class definitions and more. An experienced administrator can also help with administration and distribution processes that may seem simple but can cause headaches down the road if not carefully considered in the settlement agreement.
Industry veterans and Heffler Senior Directors Dave Kaufman and Jim Prutsman created a guide outlining the top reasons to consult with a settlement administrator early, and how this crucial step can save class action practitioners time and money.