In exchange for the benefits described in the Notice, and if the Court grants final approval of the settlement, all Settlement Class Members who do not opt out of the settlement are giving up (also called “releasing”) their right to sue SC for claims related to the repossession of their vehicle, the collection of a deficiency balance, or the reporting of a deficiency balance to a credit bureau, or any other claims that were or could have been brought based upon the facts alleged in the Action, including any claims under the OUCC, CSPA, and RISA.
You will be enjoined and barred from initiating or continuing any lawsuit or other proceeding against SC if those claims are included among those released in the Settlement.
As part of this Settlement, the Court has preliminarily enjoined all Settlement Class Members and/or their representatives (who do not timely exclude themselves from the Class) from maintaining, commencing, prosecuting, or pursuing any Released Claim as Settlement Class Members or otherwise against SC (or against any of their related parties or affiliates).
Upon final approval of the settlement, Plaintiffs and SC will ask the Court to make this injunction permanent. All Settlement Class Members will be bound by this permanent injunction.
The Settlement Agreement is available on the Important Documents page and provides more detail regarding the Release.