Opt-out lawsuits

{
  "id": "MLC-T-INS-002430",
  "term": "Opt-out lawsuits",
  "field": "Insurance and risk management",
  "definition": "Legal actions brought by individuals or entities who choose not to participate in a class action lawsuit, instead pursuing their own separate claims against the same defendant. This allows them to maintain greater control over their litigation and potentially achieve a larger settlement or judgment than they might receive as part of a class. The decision to opt out is often based on the size and unique circumstances of their individual damages.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/opt-out-lawsuits/"
}