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“Cy Pres” Awards: Is the End Near for a Legal Remedy with No Basis in Law?
Topic: Civil Justice Reform
By James M. Beck and Rachel B. Weil, counsels to the law firm Reed Smith LLP in its Philadelphia office.
Working Paper, October 2014, 18 pages
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Publication Summary:

Despite their popularity with the plaintiffs’ bar, cy pres awards were never intended for class actions. Recent federal court opinions and a statement by Chief Justice Roberts reflect the judiciary’s willingness to more closely examine the legitimacy of these awards, and skepticism fueled by the abuses of cy pres may perhaps soon spell the end of this practice.