Increased Scrutiny for <i>Cy Pres</i> Provisions in Class Action Settlements

Lawsuits against pharmaceutical and medical device manufacturers often come in the form of class actions, and sometimes the settlement or award amount exceeds the identified class members' claim amounts. In such cases, the excess funds may be distributed to a <i>cy pres</i> recipient, but courts are starting to question such moves more thoroughly.

11 minute readNovember 02, 2017 at 12:06 AM
By
Joshua L. Becker
Brad M. Strickland
Increased Scrutiny for <i>Cy Pres</i> Provisions in Class Action Settlements

Editor's note: Lawsuits against pharmaceutical and medical device manufacturers often come in the form of class actions, and sometimes the settlement or award amount exceeds the identified class members' claim

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