There is no doubt that the PNC lawsuit is one of the most sought-after cases in real estate today. This is because the settlement and judgment of the plaintiff class members will help all of the members of the class get their due rewards, which are often substantial. But what if the plaintiff’s appeal is denied and the case goes to trial? Is the PNC lawsuit still worth fighting?
The answer is a resounding yes! It will still be worth fighting if the PNC lawsuit proceeds despite the fact that the proposed settlement terms are unfavorable to the plaintiff. This is because the settlement will only be approved if the court rules the plan is fair and equitable. However, there are chances that the court will deny approval if the presented case lacks merit.
Most plaintiffs who have been approved for a PNC lawsuit settlement would say that their lack of financial resources was the main reason for them not getting the final approval of the settlement agreement. If the court rules against the proposal, then the plaintiff may have to pay all the legal fees for the PNC lawsuit as well as the costs incurred in pursuing the case. There is also the possibility that the court will refuse approval because the plaintiff failed to submit proper paperwork or do adequate research before submitting the lawsuit. The court may insist on looking at the source of funds used to finance the settlement and determine if the money laundering was unintentional. The court will have to make this decision based on the evidence found during the course of the investigation.
Another possible reason why the settlement agreement may be rejected by the court is that there was no written notice to the lenders that the class action lawsuit is being pursued. In order for a settlement to be accepted by the district court, it must contain written notice so that all the lenders will be aware of the lawsuit and that they are legally bound to respond. This requirement of written notice may be waived if the borrowers fail to respond within the twenty-one days written notice provided by the attorney. There is a strong possibility that the lenders will ignore the request for written notice if the borrowers attempt to force a settlement through legal channels.
Even if the borrowers have a strong case, the court may still decide in favor of the lenders. For instance, if the PNC lawsuit settlement demand contains elements that the class members actually understand, the court may look favorably on the plaintiffs if the factors are clearly explained to the lenders prior to the final hearing. This process of clarification can only occur, however, if the attorney has thoroughly explained the settlement demand to the lenders at every step of the way up until the final approval of the case. The attorney will have to carefully explain all the possibilities that may result from the class member’s lawsuit. This will require the attorney to make convincing arguments to the judge and convince the judge that the final approval of the settlement offer is indeed the best option for all the involved parties.
The final step in preparing a PNC lawsuit settlement request involves communicating it to the other party. The attorney will inform the other party of all the settlement demands that he or she has presented to the lender. The borrower will also be well advised regarding the legal aspects of such a request. Such a communication, coupled with the lender’s responses, will allow the borrowers to determine whether the PNC lawsuit settlement offer is really the best option or not. If the borrowers determine that the lender is unreasonably denying their request for final approval of the settlement agreement, they can always go back to the legal counsel for further advice.