Settlement Administration 101

What is the Class Action Fairness Act?

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CAFA requires defendants to notify state and federal regulators of any proposed settlement in federal courts and to provide regulators with at least 90 days to review the proposed settlement before final approval can be granted. It’s been years since the Class Action Fairness Act (CAFA), which significantly expanded federal diversity jurisdiction over class and mass actions, was at the top of everyone’s mind but the requirements do still exist.  CAFA, as defined in 28 U.S.C. § 1711 – 1715,…