The effort began with the development of a fact sheet on the voluntary use of what is called cy pres to direct unclaimed
class action settlement funds to support civil legal services to the indigent in Wisconsin.
We also filed Petition 15 - 06, which the Wisconsin Supreme Court granted, amending the rule governing state class actions and directing 50 % of unclaimed
class action settlement funds to the Wisconsin Trust Account Foundation to support civil legal aid.
Not exact matches
Due to a
class action settlement with the Microsoft Corporation, New York State has an $ 87 million
fund for technology in public education.
A $ 2,150,000
settlement fund will be reportedly created by Natura under the
class action settlement.
The
settlement brings to a close the consolidated
class action lawsuit brought in 2010 by multiple retirement
funds against Countrywide and other defendants for securities violations involving the packaging and sale of MBS.
Cy - près awards allow
class action settlements to be given to charities when there is no practical way of distributing all the
funds to individual plaintiffs.
Petition 15 - 6 was filed by the Access to Justice Commission on October 9th and requests a rule change that would require that at least 50 % of unclaimed
funds in
class action settlements be directed towards the state's civil legal aid providers.
The Wisconsin Supreme Court issued its final order requiring that at least one - half of unclaimed
funds in
class action settlements and judgments be directed to the Wisconsin Trust Account Foundation to support civil legal services to the poor.
If the
class action is resolved (after a trial, or as a result of a
settlement),
class members may be required to provide certain information to a claims administrator in order to receive their portion of the judgment or
settlement fund.
Notable mandates: One of two negotiators for 50 Catholic entities parties to the Indian Residential School
Settlement Class Action; lead counsel for Athabasca Potash Inc. during its IPO, and local counsel during its subsequent acquisition by BHP Billiton Canada Inc.; acted for Input Capital in a one - of - a-kind private placement of shares offering used to
fund canola streaming contracts for farmers seeking capital; assisted Blake Cassels & Graydon LLP in the acquisition by the Great - West Life Insurance Co. of several shopping centres across Canada; involved in development of, and represents, Canadian Light Source Inc., the country's only national synchrotron research facility.