A. have optedto settle the lawsuit ratherthan facing (Items on both sides rather than must be parallel)
B. have opted settling the lawsuit instead of facing(Opt to is better)
C. have opted to settle the lawsuit rather than face(Correct)
D. had opted for settlement of the lawsuit instead of facing(Usage of past perfect is incorrect)
E. had opted to settle the lawsuit rather than face(Same as D)
Kudos please if you like my explanation
...
B. have opted settling the lawsuit instead of facing(Opt to is better)
C. have opted to settle the lawsuit rather than face(Correct)
D. had opted for settlement of the lawsuit instead of facing(Usage of past perfect is incorrect)
E. had opted to settle the lawsuit rather than face(Same as D)
Kudos please if you like my explanation
...


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