cy pres

Advanced ⚖️ Legal

Definition

A doctrine that redirects funds from a settlement when individual payments would be impractical, usually sending unclaimed money to charities 'as near as possible' to the original purpose. Your $1.47 from a class action becomes a donation.

Example Usage

The cy pres distribution sent $8 million to consumer advocacy groups after most class members couldn't be located for their $3 checks.

Origin

Law French 'cy pres comme possible,' meaning 'as near as possible'

Fun Fact

Critics argue cy pres enriches charities the attorneys like while class members get coupons worth less than postage.

Source: Class action settlement procedures and trust law

Related Terms