I think the letter we received makes it very clear that it will not cost us, other than a portion of our claim, should it be successful. It states "Class members in a class action are not individually responsible for the legal costs associated with bringing the class action. In a class action, only the Applicant is responsible for the costs." The applicants being Scott & Taws. I've sent in my claim. Only took a few minutes.
For the person asking about opting out. I understood the letter to mean that we should opt out only if we want the opportunity to pursue the claim further, should it be unsuccessful. I would hardly be in that category (legal costs prohibitive), and therefore sent in my completed registration form - it only took a few minutes.
It was an interesting exercise because it clearly illustrated my attempts to average down - on 5 occasions in 2008!! A valuable lesson.
OZL Price at posting:
$17.45 Sentiment: None Disclosure: Not Held