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Damages – Class action settlement – Cy pres award | Massachusetts Lawyers Weekly

Damages – Class action settlement – Cy pres award | Massachusetts Lawyers Weekly
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A Practical Guide to the Undistributed Settlement Funds Problem and the Cy Pres Solution

When you finally reach an agreement to settle a hotly contested class action, you want more than anything for the court to approve your settlement… ....

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Unclaimed TCPA Funds To Be Distributed To Charity or Government

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Despite Absence of Settlement, Unclaimed Funds To Be Distributed To Government Or Charity Rather Than Revert To Dish Network
Friday, November 6, 2020
Last week, the federal judge presiding over a class action against Dish Network (“Dish”) denied a request for reversion of $11 million in unclaimed funds, deciding instead that the funds which were the product of a trial rather than a settlement should escheat to the government or be donated to a charity.
See Krakauer v. Dish Network, LLC, No. 14-0333 (M.D.N.C. Oct. 27, 2020).
In denying Dish’s request for reversion, the court explained that “[t]he TCPA is a deterrence statute, and reversion does not support th[at] statutory goal.” ....

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