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Money for nothing: SCOTUS could stop class action funds from being steered to non-parties

By Daniel Fisher | Nov 1, 2018

WASHINGTON (Legal Newsline) - The U.S. Supreme Court heard arguments yesterday in a case that could end cy pres, the practice of steering money in class action settlements to organizations with absolutely no connection to the underlying lawsuit.

Plaintiffs, defendants could both use third-party financing, panel says

By John O'Brien | Oct 28, 2009

Beisner WASHINGTON (Legal Newsline) - A panel of four debated just exactly who can benefit from third-party litigation financing Wednesday at the U.S. Chamber Institute for Legal Reform Summit.

NU professor: Cy pres awards not benefitting consumers, only lawyers

By John O'Brien | Oct 7, 2009

Redish CHICAGO (Legal Newsline) - A new paper being showcased by the Searle Center for Law, Regulation, and Economic Growth at Northwestern University's law school criticizes the practice of giving unclaimed funds in class action lawsuits to charities that perform work related to the litigation.

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