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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

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!