WebMar 20, 2024 · that this cy pres-only settlement was “fair, reasonable, and adequate” within the meaning of Rule 23(e). The objectors further argue that the Ninth Circuit’s decision conflicts with decisions of other federal courts of appeals regarding the permissibility of cy pres settlements, though the class representatives and WebMar 3, 2024 · cy pres in American English. (ˈsi ˈprei) Law. adverb. 1. as near as possible. noun. 2. the doctrine, applied esp. to cases of charitable trusts or donations, that, in place of an impossible or illegal condition, limitation, or object, allows the …
Rule 23: Welcome to the Cy Pres Party - American Bar Association
WebJun 2, 2015 · The phrase cy pres is translated to mean “as near as.” Although the cy pres doctrine originated in courts’ saving an otherwise defaulting charitable gift by determining the next best use of the gift, it has become a common tool used to distribute class action settlement funds. In the context of a class settlement, the general idea is that ... WebCY PRES, construction. These are old French words, which signify "as near as." 2. In cases where a perpetuity is attempted in a will, the courts do not, if they can avoid it, construe the devise to be utterly void, but expound the will in such a manner as to carry the testator's intentions into effect, as far as the rules respecting perpetuities will allow; this is called … on what account meaning
Using Cy Pres to Reduce Consumer Deception and Harm
WebDefinition: Cy pres is a legal term that means "as near as possible." It is used when a person donates money to a charity, but the charity cannot use the money for its original purpose. In this case, a court can use cy pres to reform the donation so that it can still be used for a similar purpose that the donor intended. WebThe cy pres doctrine is a principle of law that courts use to save a charitable trust from failing when a charitable objective is originally or later becomes impossible or … WebDefinition:Cy pres is a legal doctrine that means "as near as possible." When someone creates a charitable trust, the intended charitable purpose of the trust may become impossible to fulfill. Instead of ending the trust, the courts may change the purpose of the charitable trust to allow it to continue, while keeping it as close to the original intention of … on what amount bonus is calculated