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: Delaware Business Litigation ReportCourt of Chancery Resolves Unclaimed Settlement Proceeds
By Morris James LLP
Oliver v. Boston University, C.A. 16570-VCN (May 29, 2009)
What to do about unclaimed funds from a class action settlement is often a problem. While the funds should not go back to the defendants, thereby rewarding them, the funds otherwise might be escheated to the State or sent to a charity. Here the Court has the unclaimed finds going to Boston University, and the discussion will serve as guidance in future cases.
Full post as published by Delaware Business Litigation Report on May 29, 2009 (boomark / email).
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