COLUMBUS, Ohio, April 25, 2016 /PRNewswire/ -- Meyer Wilson's recent class action settlement produced nearly $50,000 to be sent as a cy pres award to benefit Habitat for Humanity.
When class actions are settled or tried, sometimes it is not possible or feasible to distribute all of the recovered funds to either some or all of the class members. When that is the case, the cy pres doctrine allows the settlement funds to be given instead to a nonprofit, charitable organization to support work that indirectly benefits the class and advances the public interest.
This particular cy pres award to Habitat for Humanity came about because of Meyer Wilson's settlement with a mortgage company that had been allegedly robocalling people on their cell phones to collect on mortgage debt.
Meyer Wilson attorneys, along with their co-counsel, settled the case for just over $1 million, and several thousand people received checks for more than $200 each. For various reasons, some of those checks were never cashed, so the leftover amount (more than $49,000.00) was sent to Habitat for Humanity, with the court's approval.
Meyer Wilson chose Habitat for Humanity because many of the class members in this particular case were struggling with mortgage payments, and Habitat for Humanity's goal is to provide affordable housing for the needy.
Meyer Wilson is a law firm dedicated solely to class actions and investor claims. The firm represents clients across the nation, and has three office locations: Columbus, Los Angeles, and Cleveland. For more information about the firm, call (888) 390-6491.
SOURCE Meyer Wilson