6 Tips For Addressing Cy Pres Awards In Class Actions

Law360, New York ( April 4, 2014, 11:39 AM EDT) -- Congratulations! You've just settled a big class action on favorable terms. Now all you need to worry about is getting your settlement agreement approved and implemented. One particular concern is how to address settlement funds that cannot be distributed to class members. The most common (and preferred) answer is a cy pres award of the residual funds to charities or other nonprofit organizations. But you have read that cy pres awards are attracting increased objections and are sometimes overturned on appeal. What can you do to avoid or defeat such objections to your settlement? The answer — adhere to the following six simple rules:...

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!