This is from their website
Consumers were sold single premium credit life and/or credit disability insurance when borrowing to pay for their purchase. The entire premium for the life of the loan was paid up front in a single premium. The lawsuit revolves around loans being paid off early for which prepaid premiums were not refunded.
In a class action, one or more people called Class Representatives (in this case Plaintiff Dorothy Buckner) sue on behalf of people who have similar claims. All these people are a Class or Class Members. One court resolves the issues for all Settlement Class Members, except for those who exclude themselves from the Class. Superior Court Judge Douglas Pullen is in charge of this class action.
Although the Court certified a class action in this case, it did not decide in favor of Plaintiff or Defendant. There was no trial. Instead, after more than 6 years of litigation, both sides agreed to a Settlement. That way, both sides avoid the cost and further delay of a trial and appeals, and eligible Settlement Class Members will receive a benefit. The Class Representative and the attorneys think the Settlement is in the best interest of the Settlement Class Members. The Settlement does not mean that RLIC did anything wrong.
