Settlement Structures: Funds, Fees, and Reverters: Part I
Class action settlements can be structured in a variety of ways. Claims-made, common-fund settlement and a settlement involving automatic distributions from a common fund will have money left over after distribution. The return of residual funds is known as a reverter.
Settlement Fund Qualified Settlement Fund Class Action Fairness Act Ninth Circuit Class Actions Class Action Settlements
Source: natlawreview.com