Often, the only parties to a cy pres
action are the requesting organizations representing their interests, the attorney general representing the public's interest, and the courts, with no organization specifically representing the deceased donors' interests.
15) Class counsel moved for the district court to distribute the remainder of the settlement funds cy pres
to three St.
These limitations on cy pres
awards recognize the fact that class
They have, for the most part, only a small defendant-oriented competition bar, with few law professors, few industrial organization economists, and nothing resembling class actions, much less cy pres
awards that can emerge from class action settlements.
Courts, even when trying to apply cy pres
for the benefit of
However, nonprofit leadership who apply cy pres
principles to their evaluation of and approach to a proposed merger will be better positioned for success, as cy pres
requires the organization to focus its attention to its obligations of external accountability.
is not designed to be highly nimble or flexible nor calculated to facilitate optimum deployment of conservation resources.
60) In April 2007, the University filed a motion to amend its complaint and requested that the conditions of the charitable gifts be rewritten by way of the cy pres
But one of the true legal foundations of the nonprofit world is also one of the most obscure--the doctrine of cy pres
Meanwhile, consumer group Center For Science In The Public Interest (CSPI) announced last week that they will seek a permanent injunction prohibiting the companies from combining stimulants with alcohol and disgorgement of the companies' profits from Bud Extra, Tilt, and Sparks into a cy pres
Where appropriate, the alternative to a reversionary fund may be a cy pres
As this issue of the Journal goes to press, legislation that will codify the cy pres
doctrine in class action suits awaits governor Blagojevich's signature.
is a legal term that literally means "as near as possible.
6) Why not transpose to the Establishment Clause area the doctrine of cy pres
from property and trust law and simply strip Paul of his sainthood?
The Restatement provides guidance and rationale as to what courts may or may not regard as legitimate charitable purposes and what are appropriate applications of the cy pres