Can you explain what it means to give up my right to be part of a class action lawsuit against Ameriquest?
If you signed the Release Form, you also gave up the right to be part of a class action lawsuit against Ameriquest about the lending practices investigated by the States with respect to any eligible loan. In a class action lawsuit, one or more people sue on behalf of other people who have similar claims. The people together are a class or class members. The Court must first rule if it will allow the lawsuit to proceed as a class action. If it does, the class is certified, and the court then decides the lawsuit for everyone in the class. When a class is certified, whatever is decided applies to everyone in the class. The lawsuit is sometimes called a purported or potential class action until the Court decides that the lawsuit can go forward as a class action. In a class action, class members generally dont have to pay the lawyers. If the class action is successful, the lawyers fees and costs are usually either paid by the defendants or taken out of the money that is recovered. If the cl
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