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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