Tuesday, October 30, 2018

08:30 AM

Philadelphia Bar Association
11th Floor Conference Center
1101 Market Street
Philadelphia, PA 19107

1 SUB

The Changing Cy Pres Landscape
CLE - The Changing Cy-Près Landscape

Hosted by the Philadelphia Bar Foundation
Generously sponsored by The Huntington National Bank

When a class action lawsuit settles, unclaimed or leftover funds at the resolution of class-action cases are common. Whatever the reason, the unclaimed funds, particularly in consumer class actions, have increasingly become the target for cy pres awards, or charitable contributions, in federal court.

The parameters of Cy Pres relief in class action settlements is changing. Recently the Supreme Court agreed to address this issue to provide some clarification. Will the Court confine its focus to cy pres-only settlements or more broadly address class settlements that include cy pres distributions of settlement funds unclaimed by class members? Similarly, the Department of Justice (DOJ) announced a new policy prohibiting DOJ attorneys from entering into settlements on behalf of the federal government that provide for cy pres payments to any non-governmental entity or person that is not a party to the lawsuit.

This CLE panel will discuss the particulars of the cy pres doctrine and what counsel must consider when structuring a cy pres distribution.

Join your colleagues for a Free early morning breakfast CLE to learn the latest developments in the cy pres landscape.