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b3

Re: 2221 post# 726610

Monday, 04/22/2024 2:41:58 PM

Monday, April 22, 2024 2:41:58 PM

Post# of 731252
28 U.S.C. § 1715 - Notifications to Appropriate Federal and State Officials:

This section outlines the requirements for notifying relevant federal and state officials when a proposed settlement of a class action is filed in court.
The term “appropriate Federal official” refers to either the Attorney General of the United States or, in cases involving certain financial institutions, the person responsible for regulatory or supervisory matters related to the defendant.
Similarly, the “appropriate State official” is the individual in the state who holds primary regulatory or supervisory responsibility for the defendant or who licenses or authorizes the defendant to conduct business in the state.
The notice must include various components, such as copies of the complaint, details about scheduled judicial hearings, information on class members’ rights to request exclusion, proposed or final class action settlements, and any agreements between class counsel and defendants
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