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We all hear about the massive, multi-million dollar class action settlements. These cases make headlines both for the stunning verdicts, and also frequently for resolving claims for hundreds or thousands of individuals all in one fell swoop.
While many people ignore the class action notices that get sent to them, failing to review these and file your claim could result in you never actually getting your slice of the pie. Below, you'll find general tips on how to claim your slice of the class action pie.
Received a Class Action Notice?
If you've received a letter or postcard notifying you that you may be part of a class action lawsuit or settlement, you may be wondering what you need to do to get paid. Generally, thanks to the modern times we live in, many class action notices will provide potential class members with resources online to help individuals determine whether they qualify for any compensation via the class action.
If this isn't provided, usually the notice will have instructions on what a potential class member must do to qualify. It usually just involves mailing, faxing, or even emailing forms or information.
Some notices are opt-in notice, and some are opt-out notices. If you receive an opt-in notice, you must respond in order to be part of the class action. If you receive an opt-out notice, you only need to respond if you do not want to be part of the class action settlement. Opt-out notices are frequently used in large consumer class actions. While a consumer may not need to do anything to be part of the class in these situations, they may still need to file a claim to receive compensation.
Late to Dessert? There Might Still Be Pie
However, on rare occasion, an individual will read about a class action settlement and realize that they should have been included but weren't. In these situations, you may want to do some online research and contact the law firm that represented the class action plaintiffs, or a local attorney.
Depending on your circumstances, you may still be able to file an individual action, despite the class action settlement having been finalized without you. For example, in a defective product class action injury case, if a person is injured by the same product after the class settlement due to the same defect, they will likely still have an injury action.