Cy Pres Distributions

Date: 12/2/2009
Time: 12:15 P.M.
Location: The Chicago Bar Association
Presented By: CBA Class Action Litigation Committee
Experience Level: Intermediate
MCLE Credit: 2.0 IL MCLE Credits

To Register / Questions: Please call (312) 554-2056.

There are usually some funds left over after a class action settlement or judgment has been administered. But what do you do with those residual funds? Often, they are distributed on a cy pres—or "as near as"—basis to charitable organizations. This seminar will explore recent developments in state and federal law on the subject, including the new Illinois statute, 735 ILCS 5/2-807, which requires that at least 50% of residual funds in Illinois cases be distributed to charitable organizations dedicated to equal justice.

Speakers:
Barry C. Taylor, Legal Advocacy Director, Equip for Equality
Karl Leinberger, Crowley Barrett & Karaba Ltd.
Kenneth A. Wexler, Wexler Wallace LLP

Moderator:
Glenn L. Hara, Susman Heffner & Hurst LLP; Vice-Chair, CBA Class Action Litigation Committee