Developments in the Application of the Cy Pres Doctrine
The legal doctrine of cy pres is a French term meaning “as close as possible,” referring in legal terms to the donor or plaintiff’s intentions. In the class action context, the cy pres doctrine allows for the distribution of unclaimed settlement funds to charitable causes, whose causes indirectly benefit the injured class.
In this white paper, we explore real case law and how it impacts cy pres class action settlements today as well as look at where the practice could be headed in the future.
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