Acknowledges Cy Pres Awards
We are extremely grateful to the following lawyers who have obtained court approval for cy pres awards in their class actions or litigation to be directed to FFLA, knowing that our work will indirectly, but substantially, serve the class and the public interest.
Cy pres awards are funds from class action cases in which full restitution to all injured parties is either impossible or infeasible, such as when the amount of damage per person is insignificant even though the aggregate damages are large. It can also be employed in probate matters when gifts fail, or in the area of charitable trusts. Learn more about cy pres awards.
Under cy pres, courts can approve a charitable donation out of unclaimed class action funds, or a direct grant in lieu of damages to an organization that could vindicate class member rights in the future.