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Constitutionalism is a political movement and philosophy that states that the ruling power is bound to respect certain rights of its subjects. According to modern constitutionalism, the form of government must be based on a constitution.
Constitutionalism includes both the empowerment and the limitation of power, both granting power and specifying its scope and purpose. Constitutionalism is considered to promote the principles of the rule of law, the principle of predictability, and to prevent arbitrary administration of justice. According to constitutionalism, laws and judgments in countries with common law can be declared invalid because they are contrary to the constitution if it is done in accordance with the principle of transparency, usually by a constitutional court or a court with similar jurisdiction.
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In the case of Smith v Fifth Third Bank, regarding the <em><u>class action </u></em><em><u>lawsuit </u></em>settlement reached by the parties involved, we can confirm the settlement payment is that of 5.2 million dollars.
The case of Smith v Fifth Third Bank was a <u>class action </u><u>lawsuit</u>. A class-action suit is one in which the lawsuit is a collection of suits filed by <u>many parties, which are tried as a single case, and the parties in question are represented by </u><u>one member </u><u>or group of </u><u>members</u>.
In the case mentioned the lawsuit resulted in a settlement. This is when the party being sued <u>agrees to a payout in return for the charges being dropped. </u>It is said that the Bank in question created a settlement fund to pay the members involved, which held a total of 5.2 million dollars to be paid to the victims.
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