How to Opt Out of a Class Action Lawsuit

These days it's not uncommon to find yourself involved in class action lawsuits without having any prior knowledge of the case. A letter comes from a lawyer's office telling you about the case and giving you the option of proceeding as part of the class or opting out. Before you opt out of a class action lawsuit, here are some items to consider.

Instructions

1. Assess your investment in the lawsuit. If you stand to gain more in a private suit than you would in a class action lawsuit, then you may need to consider opting out of the class action suit. Realize that in a private lawsuit, you are the one paying the lawyer fees.

2. Determine if your situation fits that of the members of the class action suit. If it doesn't, it may be in your best interest to opt out.

3. Check the qualifications for the lawyers representing the class action lawsuit. If the lawyers seem incompetent to handle the case, opt out of the lawsuit.

4. Decide if the lead plaintiffs are your best representatives. If they don't represent your best interests, you may want to opt out.

5. Evaluate if the class action lawsuit presents the best timing for you. If you feel you stand a better chance of winning your own individual lawsuit at a later date, then opt out of the class action suit. Or, you may feel the need to present your own class action lawsuit.

6. Realize that if you do opt out, then you are no longer eligible to receive any monetary rewards as a result of the class action lawsuit.