Overview
Understanding the objections to and arguments against cy pres awards from undistributed residual funds is crucial for companies navigating class action settlements. While distributions to class members and proposals for cy pres distributions are standard parts of class action settlements, counsel should be prepared for the less common questions about and challenges to any use of cy pres awards.
In this article, Bill Boies provides a comprehensive analysis of the leading cases that answer the more uncommon questions and reject the broad objections. Companies can refer to this circuit-by-circuit guide when proposing and defending cy pres awards in class action settlements.
Gabrielle Siroonian contributed to the development of this article.
