Probably better to take the deal, according to a study summarized here in the New York Times.
According to the article, “most of the plaintiffs who decided to pass up a settlement offer and went to trial ended up getting less money than if they had taken that offer.”
One of the more interesting statements in the article was the assertion that lawyers may be inclined to discourage settlement, in light of the potential loss of revenue.
(What?!?!? Who said that!)