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I am going to suggest what I believe is the more pragmatic approach unless you have very deep pockets. Object to the settlement rather than opt out because, even if the chances or prevailing are slim, the settlement may change if enough people object to its proposed terms and conditions.
If you do opt out and subsequently suffer IMS caused damages, you will have to sue on your own because the court will not allow another class action suit to go forward. And, pragmatically, the legal costs to sue on your own will far exceed the cost of a new engine.
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