Class Action Settlement Cy Pres

On a very general level, class action lawsuits involve a group of people in some capacity: A collective class, held together over the issue of a faulty product, suing a defendant, or a group of defendants, multiple negligent companies, for instance, being sued by an individual. While more class action suits are filed for product liability claims, other case types end up in court, too, including shareholders suing for business fraud, employees for discrimination, and residents over environmental disasters.

With a case, which can be filed in either federal or state court, class action lawsuits has its pluses. Because a limited number of witnesses overlap, the trial process understandably moves along faster, while the cost of litigation tends to be lower than for separate plaintiffs filing alone.

On the other hand, these types of cases do tend to have drawbacks. Before the lawsuit even moves forward, the collective group must be called a class. Federal courts, as well, can stop class actions if the defendants are state governments or officials or if the plaintiffs number less than {one hundred,100.

User:CheshireKatz/Trusts – Wikipedia, The Free Encyclopedia
(Beneficiary has no cause of action against trustee, if settlor incapacitated.) Capacity Testamentary trust: testamentary capacity Class gifts (deceased's share goes to other class members). Anti-lapse applies to blood relative class members.

A SHORT LIST OF CY PRES AND OTHER COURT AWARDS TO LEGAL AID …
Boston class action settlement Fund August 2004 $69,239 COLORADO Disability Rights Education & Defense Fund, Denver Lucas v. A SHORT LIST OF CY PRES AND OTHER COURT AWARDS TO LEGAL AID PROGRAMS. ILLINOIS Legal Assistance Foundation of Metropolitan Chicago

CA-Litigation-Report-Fall-2012 – Sidley Austin
In the context of a class action settlement, the cy pres doctrine allows payments to be made to a third party for the indirect benefit of the class as opposed to being made directly to the class members. See 4 Conte & Newberg, Newberg on Class

NC IOLTA
CY PRES/Class Action Residuals and Other Court Awards. Cy Pres/Unpaid Residuals in Class Action Litigation in North Carolina. In 2005, the NC General Assembly passed a statute stating that the unpaid residuals in class action litigation (unless otherwise ordered by the court) shall be divided

UBS – Wikipedia, The Free Encyclopedia
Ultimately resulting in a settlement of US$1.25 billion in August 1998. Post-war years (1945 three African-American employees filed a class action lawsuit against the company in the United States District Court for the Southern District of New York alleging Cy Twombly exhibition;

Class Action Settlement Scourge Ted Frank Wins Third Circuit …
Class Action Settlement Scourge Ted Frank Wins Third Circuit Cy Pres Challenge. By Jan Wolfe All Articles. The Litigation Daily. February 19, 2013

Supreme Court Asked To Review cy pres settlements – Overlawyered
We have often reported on controversies over cy pres class action settlements, in which part or all of a settlement fund goes to charities, universities, advocacy groups, or other unrelated institutions as opposed to actual victims of the sued-over conduct.