Sunday, May 19, 2013
Cy Pres Funds
Cy pres are funds in class action cases and some other types of legal proceedings that cannot be distributed to the class members or intended beneficiaries of the fund. Typically, courts can distribute these remaining residual funds to appropriate nonprofit organizations.
OneJustice - and the many legal nonprofit organizations we support - are appropriate beneficiaries of cy pres funds. In California, the laws governing the distribution of cy pres funds specifically allow OneJustice and the nonprofits we support to receive cy pres funds from the residuals in any type of class action.
Why is OneJustice an ideal choice for cy pres funds?
For more information, or to arrange a cy pres award, contact Julia Wilson, Executive Director, at email@example.com.