Thomas Jefferson School of Law today announced that its Veterans Legal Assistance Clinic (TJVLAC) was awarded Cy Pres funds from the settlement in the California Credit/Debit Card Tying Cases. Cy Pres are funds in class action cases, mass tort settlements, or some other types of legal proceedings that cannot be distributed to the class members or intended beneficiaries of the fund. Typically, courts can distribute these remaining residual funds to appropriate nonprofit organizations and institutions whose work advances public interest.
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