What is the procedure for class notice and opt-out in a class action lawsuit?

In a class action lawsuit, class notice and opt-out is the procedure for informing and providing individuals with an opportunity to opt out of the lawsuit. In New York, class action lawsuits usually involve a group of individuals or businesses standing together to assert a common legal claim against a defendant. In order for a class action lawsuit to be certified by the court, it must first demonstrate that individual class members have common legal claims that can be addressed as a group. Once the court certifies a class action lawsuit, the court grants the members of the class a certain amount of time to opt out of the lawsuit. This period of time is known as the opt-out period or “notice period.” During this period of time, the court will require that all class members be notified of their right to opt out of the lawsuit. It is important to note that opting out allows the class member to pursue a separate claim against the defendant, but that they will not be eligible to share in any settlement or judgment awarded to other class members. Once the opt-out period has ended, the court will enter a judgment in the class action lawsuit as if all members of the class are present and have agreed to the terms of the settlement or judgment. If a class member does not opt out, they are legally bound by the terms of the settlement or judgment and are entitled to share in any financial award that may be awarded as a result of the lawsuit.

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What is the procedure for class notice and opt-out in a class action lawsuit?

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