Key Tasks of Mass Tort and Class Action Settlement Trustees

David Vanaskey, CCTS and Robert Weiss |
Corporate & Institutional

This article reprint was published in the April 6, 2021 issue of Law360. One of the most essential elements to help ensure a successful post-settlement outcome is the establishment and administration of an effective, comprehensive settlement trust fund or funds. Based on our experience with administering two environmental mitigation trusts funded with the money from the 2016 Volkswagen AG settlements, we believe there are three core skill areas that are vital to a trustee’s success.