Helpful resources.
We owe a huge debt of gratitude to the late Harry M. Snyder for his diligent work in establishing and advocating for best practices in the use of cy pres funds to benefit the injured consumer class.
Below are some selected resources on the cy pres grant-making process.
Protecting Class Action Settlements
Protecting Class Action Settlements addresses the application of cy pres doctrine in class action settlements, advocating for standardized, unbiased distribution of funds when direct restitution is impractical. Authored by Harry Snyder with Tanecia Echols, it critiques arbitrary methods in distributing settlement funds, emphasizing the need for transparent, accountable practices to ensure beneficiaries receive intended benefits. The document underscores the importance of de-politicizing the allocation process and suggests adopting uniform guidelines to enhance the fairness and integrity of class action settlements.
Establishing Best Practices in the Distribution of Cy Pres Funds
In a follow up to Protecting Class Action Settlements, Harry Snyder’s Establishing Best Practices in the Distribution of Cy Pres Funds outlines the need for standardized practices in distributing residual funds from class action lawsuits via the cy pres doctrine. It critiques the current lack of enforceable standards and variability in outcomes, leading to minimal benefits for class members and potential misuse of funds. The report advocates for uniform best practices and rules to ensure effective and transparent fund distribution, underscoring the importance of maintaining credibility and fairness in class actions through accountable grant-making processes.
The Importance of Cy Pres In Modern Class Action Jurisprudence and Myths Concerning Its Use
The Importance of Cy Pres in Modern Class Action Jurisprudence and Myths Concerning Its Use by Gerson H. Smoger, explores the cy pres doctrine in class action settlements, focusing on its application, legal challenges, and distribution guidance. It emphasizes effective residual fund distribution, court supervision, and addresses misconceptions about cy pres's constitutional validity and ethical implications. The article seeks to clarify the doctrine's role in ensuring equitable fund distribution and maintaining the integrity of class actions.