Gerald L. Maatman Jr. partner with Seyfarth. Courtesy photo Why Workplace Class Actions Keep Settling for Eye-Popping Numbers
Despite the pandemic, or maybe partially because of it, the top 10 settlements tracked in Seyfarth Shaw's annual workplace class action litigation report hit a record $3.62 billion in 2021, more than double the $1.58 billion in 2020.
January 11, 2022 at 07:30 AM
7 minute read
The conventional wisdom in the early days of the pandemic was that a cash-strapped economy would combine with a dearth of trials to decrease pressure on defendants and deflate settlement offers. The lawyers at labor and employment defense firm Seyfarth Shaw found in their annual survey of workplace class action settlements last year that the conventional wisdom didn't quite hold up. The top 10 settlements in that world totaled $1.58 billion in 2020, compared to $1.34 billion in 2019, and $1.32 billion in 2018.
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