What is the distribution of unclaimed funds in a class action settlement?
MultiRegion, United States of America
The following excerpt is from Brown v. Jonathan Neil & Assocs., Inc., Case No. 1:17-cv-00675-SAB (E.D. Cal. 2019):
Any unclaimed funds will be distributed to a cy pres beneficiary. Since most class action settlements result in unclaimed funds a plan is required for distributing the unclaimed funds. Six Mexican Workers v. Arizona Citrus Growers, 904 F.2d 1301, 1305 (9th Cir. 1990). The alternatives available are cy pres distribution, escheat to the government, and reversion to
Page 12
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
What is the test for using the cy pres doctrine to distribute unclaimed or non-distributable portions of a class action settlement fund? (MultiRegion, United States of America)
What is the distribution of unclaimed funds from a class action settlement? (MultiRegion, United States of America)
What is the legal test for distributing unclaimed funds from a class action settlement? (MultiRegion, United States of America)
Is there any case law where federal or state courts have jurisdiction to hear a class action in a class A class B class action? (MultiRegion, United States of America)
What is the distribution of unclaimed funds in a class action? (MultiRegion, United States of America)
What is the current state of the law on due process for a class A class B class A plaintiff to notify of a settlement? (MultiRegion, United States of America)
If an injunction has been issued against ARS in a class action settlement, what effect will the settlement have on ARS' collection practices? (MultiRegion, United States of America)
In assessing the fairness of a settlement in a class action, does the court have to consider the views of the named plaintiffs in the settlement? (MultiRegion, United States of America)
What is the difference between a class action and a similar class action? (MultiRegion, United States of America)
What is the test for determining whether a class A class B class action is discriminatory or discriminatory? (MultiRegion, United States of America)
