Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, November 28, 2011

Judge Batts Directs Cy Pres Donation to Pace Investor Rights Clinic

Congratulations to Professor Jill Gross and the Pace University Law School Investor Rights & Advocacy Clinic!  Judge Deborah A. Batts (S.D.N.Y.) recently issued an Order Authorizing Cy Pres Donation of the Unclaimed Balance of Class Action Settlement Fund to Charity in In re American Express Financial Advisors Securities Litigation (Nov. 16, 2011).  The order directs plaintiffs' counsel to distribute the balance remaining in the net settlement fund -- approximately $64,400 -- to the Clinic.

http://lawprofessors.typepad.com/securities/2011/11/judge-batts-directs-cy-pres-donation-to-pace-investor-rights-clinic-.html

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