6 Tips For Addressing Cy Pres Awards In Class Actions

6 Tips For Addressing Cy Pres Awards In Class Actions

The most common and preferred way to address settlement funds that cannot be distributed to class members is a cy pres award of the residual funds to charities or other nonprofit organizations. But cy pres awards are attracting increased objections and are sometimes overturned on appeal. Adhere to six simple rules to avoid or defeat such objections to your settlement, say Latonia Haney Keith and Wilber Boies of McDermott Will & Emery LLP.

  • Tags: