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.
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CHICAGO – Ted Frank of the Center for Class Action Fairness can pursue a claim that phony objectors cheated a class, U.S. Seventh Circuit judges ruled on June 26.
In the wake of last week's dismissal of the $10.1 billion Madison County judgment against the cigarette maker, the next potential move lies with the plaintiff.