Monday, November 28, 2011
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.