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What is a Cy Pres distribution?

April 26, 2017Cy distribution Pres

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What is a Cy Pres distribution?

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A cy pres distribution is made when it is impractical or infeasible to distribute the settlement proceeds directly to the victims. In a cy pres distribution, such as this one, the proceeds are given to organizations that can provide indirect benefits to the widest group of victims possible. This settlement included the cy pres distribution as well as a consumer claims process. For additional information, see Tell Me More About This Lawsuit.