Class Action Suit Brought Against USIS

Today, former employees of USIS who were terminated in 9/14 received notice of a class action suit being filed against the company in the U.S. Bankruptcy Court. At issue is a grievance involving the company’s failure to abide by the WARN Act that requires employees on fed contracts be given 60 days notice prior to termination. The suit originally demanded that employees be compensated for the 60 days in question. After some back and forth, attorneys representing the class have recommended the claim now be dismissed under terms of a possible settlement, if approved by the bankruptcy court.
The notice of class action gives members three options: 1) opt out and file your own claim; 2) remain in the class but file an objection to the proposed dismissal of the WARN Act claim; 3) do nothing, remain a member of the class and accept whatever settlement, if any, is forthcoming.
What are your opinions?

I think I would go with option 3, because if it is approved by the U.S. Bankruptcy Court than they view this as kosher and a resolution. The other two seem to be swimming upstream and possibly a gamble.