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February 28, 2024
|3 min read
Cy pres provisions are often used in class action settlement agreements. Under such provisions, settlement funds that go unclaimed by class members are distributed to one or more third parties, usually a charity, legal-services organization, or other entity with some relation to the underlying dispute.
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Winston & Strawn’s Class Action Insider is a biweekly series that provides recent developments and emerging trends in class action law.
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