What is a cy pres award in a class action settlement?

A cy pres award in a class action settlement is a legal term used to describe money or property that is distributed to charities or other organizations on behalf of a group of plaintiffs in a class action lawsuit. In a class action lawsuit, one or more individual plaintiffs represent a larger group of people who have similar legal claims or common interests. The cy pres award is used to provide additional relief to members of the class action who may not be individually compensated through the class action settlement. In a class action settlement in Hawaii, the cy pres award is commonly distributed to charities or organizations that have an interest in resolving the issues or causes raised by the lawsuit. For example, if a class action lawsuit is brought to address an environmental concern in the state, the cy pres award might be given to an environmental charity. Similarly, if a class action lawsuit involves discrimination claims, the cy pres award might be given to organizations dedicated to promoting equal rights and preventing discrimination. Regardless of the type of class action lawsuit or the purpose of the cy pres award, these funds can be used to further the goals of the cause that the lawsuit sought to address. This can provide an additional measure of justice to those affected by the issue raised in the class action lawsuit, even if they were not able to be compensated for their individual losses.

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What is a cy pres award in a class action settlement?

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