Can individual class members opt out of a class action settlement?
Yes, individual class members can opt out of a class action settlement in New York. This process is known as opting out or exclusion. By opting out, class members are excused from being legally bound to the class action settlement and can pursue legal action independently. In order to opt out of a class action settlement, a class member must file a written request to exclude themselves from the legal proceeding. This request must include the name of the class action and the member’s name, address, and contact information. It is important to note that the deadline for opting out from a class action settlement is often very short, so it is important to be aware of any exclusion deadlines that have been set. Before opting out, it is important to consider the potential benefits of participating in the class action settlement. By opting out, class members can continue to pursue their own individual legal action, but they may not be able to recover as much compensation without the collective bargaining power of the class. Overall, it is important to consider the benefits and risks of opting out of a class action settlement in New York before making a decision. The legal team handling the class action can provide more detailed information for those considering opting out.
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