What is the distribution of unclaimed funds from a class action settlement?

MultiRegion, United States of America

The following excerpt is from Torres v. Extreme, Case No. 1:13-cv-01778-LJO-SAB (E.D. Cal. 2014):

The parties have designated charities to receive any residual funds that are not distributed though the class action settlement. Since most class action settlements result in unclaimed funds a plan is required for distributing the unclaimed funds. Six Mexican Workers v. Arizona Citrus Growers, 904 F.2d 1301, 1305 (9th Cir. 1990). The alternatives available are cy pres

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distribution, escheat to the government, and reversion to the defendants. Six Mexican Workers, 904 F.2d at 1307.

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