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The Supreme Court Appears Ready to Permit 100% Cy Pres Awards in Class Actions Under Very Limited Circumstances

Are cy pres awards a thing of the past? Reading the tea leaves from last month’s Supreme Court argument in Frank v. Gaos, Hausfeld partner Irving Scher gives a resounding “no.” Not only do they seem entirely safe for the purpose of distributing residual funds after making monetary distributions to class members, but the Court seemed poised to uphold a 100% cy pres distribution under rare circumstances. Unless a previously unaddressed standing issue stands in the way… read Irving Scher’s article here to learn more.

Related Lawyers: Irving Scher
Related Practice Areas: Antitrust / Competition
Tags: cy pres, supreme court