What is the difference between opting out of and objecting to the Settlement?
Objecting is simply informing the Court that you don’t like something about the Settlement. You can only object if you stay in the Class. Excluding yourself, also commonly known as “opting out,” is telling the Court that you do not want to be part of the Class. Those who opt out are not eligible to receive benefits from the Settlement. If you opt out, you have no basis to object because the case no longer affects you. However, MLC is presently involved in bankruptcy proceedings. In those proceedings, the Bankruptcy Court, via its Bar Date Order, established a claims bar date of November 30, 2009 at 5:00 EST. Because that date is now expired, any Class Member electing to opt out of the Settlement Agreement will likely be barred from filing proofs of claim in MLC’s bankruptcy, and thus will effectively be barred from pursuing further litigation against MLC relating to the alleged defect in the parking brake. If you object to the Settlement, you are still a Class Member and you may still
