Over $500 million dollars in class action settlement monies are unclaimed each year. Over $12 billion dollars are presently unclaimed from securities suits. Ohio Lawyers Give Back was formed to invite class action law firms to join a positive trend of designating a reasonable portion of those monies to charity.
By using the powers under Rule 23, and equivalent state law rules, final approval orders can include provisions requiring the payment to charity of all or a designated part of the unclaimed funds. This approach is especially just when the case involves a defendant who has wrongfully collected monies from the class.
Disgorgement rather than reverter to the company advances the public policy of the class action device.
Ohio Lawyers Give Back will work for no charge with any attorney or firm to provide methods which have been successful in reaching settlements which include a cy pres provision. Will you join us?