What is the legal test for distributing unclaimed funds from a class action settlement?
MultiRegion, United States of America
The following excerpt is from Valdez v. Neil Jones Food Co., Case No. 1:13-cv-00519-AWI-SAB (E.D. Cal. 2016):
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 the defendants. Six Mexican Workers, 904 F.2d at 1307.
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