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What is an Incentive or Key/Named/Lead Plaintiff Award in a class action lawsuit?

April 26, 2017Action award class key lawsuit lead named plaintiff

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What is an Incentive or Key/Named/Lead Plaintiff Award in a class action lawsuit?

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Named or lead plaintiffs in class action lawsuits typically receive an award once the case settles (or you win) which is usually unique from the award given to the rest of the class. In re Mego Financial Corp. Securities Litigation, the court affirmed the trial court’s award of an incentive award to the class representatives. 213 F.3d 454, 463 (9th Cir. 2000).