It is important to understand what your options are and what
action may be required. In many cases, potential class members do
not have to take any further action to reap the benefits of a class
action settlement. However, in some cases, you may have to opt in
or opt out of the settlement. For instance, some class action
notices state that class members who wish to participate in the
settlement must take some affirmative action, i.e., complete the
required paperwork. Conversely, there are some cases where those
who do not want to join the class action must take specific actions to preserve the right to
file an individual suit.
In many cases, there is no benefit to opting out. However, where
an investor has six-figure losses or claims not covered by the
class-action suit, any recovery in the class-action may likely be
insignificant compared to what a direct suit by the investor may
yield. Also, concerns about the success of the class action, or the
ability to name
