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2. What is a class action?
A class action is an action that is brought by one person (the “applicant”) on his or her own behalf and on behalf of a group of people (“class members”) against another person (the “respondent”) where the applicant and the class members have similar claims against the respondent.
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.
Class members are bound by any judgment or settlement entered into in the class action unless they have opted out of the proceeding. This means that:
(a) if the class action is successful, class members may be eligible for a share of any settlement monies or Court-awarded damages;
(b) if the class action is unsuccessful, class members are bound by that result; and
(c) regardless of the outcome of the class action, class members will not be able to pursue their claims against the respondent in separate legal proceedings unless they have opted out.