An executive committee typically comprises a subset of the steering committee with decision-making authority over strategy, settlement negotiation, and resource allocation. It may include co-lead counsel.
Structure varies by proceeding and court preference.
Alternative Names:
PEC, Executive Committee
Why it Matters?
The executive committee is where settlement authority actually resides on the plaintiff side, which makes identifying its members the practical prerequisite to any resolution discussion. The distinction from the broader steering committee matters because steering committee members may have limited influence over the decisions that determine whether a global deal happens. Committee composition also reflects which firms hold the largest inventories.
Frequently Confused with
Related terms
Frequently asked questions
Where does settlement authority reside?
What determines committee composition?
