Cy pres awards should be avoided in class action settlements. A recent class action settlement rejection shows how a major issue could have been prevented with an agreement to increase class members’ benefits pro rata so that there was no money left to be distributed. We discuss the significance of Hawes v. Macy’s and lay out some lessons learned in this blog post. Read it here: https://hubs.ly/Q02gQQgf0 #cypres #classaction #classactionsettlement
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Fair warning to class action attorneys: introducing a cy pres benefit creates settlement approval problems and provides objectors with a target to shoot at. Hawes v. Macy’s Inc. was a pretty routine settlement until the judge zeroed in on the cy pres award as a major problem and rejected it for that single issue. Ross Weiner walks through some lessons learned and key takeaways to avoid this type of rejection in our latest blog. Read the post here. https://hubs.ly/Q02h2d1K0 #cypres #classaction #classactionsettlement
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That's a valuable insight. Addressing this challenge is crucial, as it disproportionately impacts students from marginalized communities, often limiting their access to top-tier educational institutions. By tackling the financial barriers faced by students from low-income backgrounds, we can work towards building more inclusive and equitable systems. This will not only empower these students to excel academically but also provide them with the opportunities and resources needed to reach their full potential, ensuring a fairer and more diverse academic landscape.
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Recognized Defense Litigator For Workplace Class Action Lawsuits. Author & Civil War History Writer. Amateur Golfer.
The massive aggregate class action settlement numbers over the past 12 months is the first trend for our readers from the Duane Morris Class Action Review 2024 – here are our takeaways of what this means for companies in the coming year
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Did you know Australia is planning to decommission #BECS by 2030? This decision stands in contrast to the US's commitment to #ACH and the UK's continued reliance on #BACS. So, is this a revolutionary step by Australia? Simone Joyce, Paypa Plane CEO and Founder, delves through the four key reasons to waive bye-bye to BECS: 👋 Availability 👋 Security and protection 👋 Speed 👋 Investment for the future Read more on Simone's thoughts around the phase-out of BECS here: https://lnkd.in/gKuug4mc
Waive Bye Bye to BECS
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Understanding objections to and arguments against cy pres awards is crucial for companies in class action settlements. My colleague Bill Boies provides a comprehensive analysis of leading cases, answering uncommon questions and rejecting broad objections. Check out the circuit-by-circuit guide for proposing and defending cy pres awards: https://lnkd.in/eqcG-nhJ
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This should be an enlightening session for firms and their legal representatives, highlighting the changes in FMT procedure rules #DIFC #FMT #DFSA
I'm looking forward to hearing from Tim Herrington, the new President of the Financial Markets Tribunal in the DIFC, alongside Paul Stothard. Our event will mainly be online, but we'd be delighted to see anybody in London who would like to attend. For online attendance: https://lnkd.in/gQmvX97v For in-person attendance: https://lnkd.in/ghWjszcQ
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To file or not to file - is that the question? 🤔 At Chicago Clearing Corporation, we dive into the details for class action settlements. Our latest blog post by Dennis O'Toole breaks down whether or not it's worth it to file a class action claim- or if it's just courtroom drama. 👉 Check it out here: https://lnkd.in/gXJa56zA #classactions #ChicagoClearingCorporation #CCC
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A report of King & Wood Mallesons (KWM) titled “The Review: Class Actions in Australia 2023/2024” has revealed that new class actions are continuing to become fewer, with 44 new filings within the review period, the lowest number since 2016–17. https://hubs.la/Q02V8Q4Z0
New class action filings continue to decline, KWM report finds
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