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<title>Cy Pres News - CyPresAwards</title>
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<h1><a href="index.html" style="color: inherit; text-decoration: none; display: inline-flex; align-items: center; gap: 0.5rem;"><span style="font-size: 1.2em;">⚖️</span> CyPresAwards</a></h1>
<p class="tagline">Directory of Non-Profits with Cy Pres Statements</p>
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<a href="index.html" class="nav-link">Search Organizations</a>
<a href="submit.html" class="nav-link">Add My Org</a>
<a href="cases.html" class="nav-link">Cy Pres Cases</a>
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<h2 class="page-title">📰 Cy Pres News & Updates</h2>
<p class="page-subtitle">Latest news and developments in cy pres settlements and class actions</p>
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<div class="stat-card">
<div class="stat-value">3</div>
<div class="stat-label">News Articles</div>
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<div class="stat-card">
<div class="stat-value">2024</div>
<div class="stat-label">Latest Updates</div>
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<!-- Article 1: Hawes v. Macy's -->
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<h3 class="news-title">
<a href="https://www.insideclassactions.com/2024/01/04/federal-court-rejects-class-action-settlement-over-cy-pres-provision/" target="_blank" rel="noopener noreferrer">
Court Rejects Cy Pres Settlement in Hawes v. Macy's
</a>
</h3>
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<div class="news-meta">
<span class="news-date">📅 January 4, 2024</span>
<span class="news-source">📰 InsideClassActions.com</span>
</div>
<p class="news-description">
U.S. District Court (S.D. Ohio) rejected a $10.5M settlement because proposed recipient PIRG was not sufficiently related to false advertising claims in bed sheets case. This ruling underscores the importance of selecting cy pres recipients that have a clear nexus to the underlying claims.
</p>
<a href="https://www.insideclassactions.com/2024/01/04/federal-court-rejects-class-action-settlement-over-cy-pres-provision/" target="_blank" rel="noopener noreferrer" class="news-link">
Read Full Article →
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<!-- Article 2: Supreme Court Denies Review -->
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<h3 class="news-title">
<a href="https://www.scotusblog.com/case-files/cases/hyland-v-navient-corporation/" target="_blank" rel="noopener noreferrer">
Supreme Court Denies Review of Cy Pres-Only Settlement in Hyland v. Navient
</a>
</h3>
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<div class="news-meta">
<span class="news-date">📅 April 17, 2023</span>
<span class="news-source">📰 SCOTUSblog</span>
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<p class="news-description">
SCOTUS declined to hear challenge to Second Circuit's approval of $2.25M cy pres-only settlement with no distribution to class members. The decision allows the Second Circuit's approval to stand, representing a significant development in cy pres jurisprudence.
</p>
<a href="https://www.scotusblog.com/case-files/cases/hyland-v-navient-corporation/" target="_blank" rel="noopener noreferrer" class="news-link">
Read Full Article →
</a>
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<!-- Article 3: Second Circuit Approves -->
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<h3 class="news-title">
<a href="https://law.justia.com/cases/federal/appellate-courts/ca2/20-3765/20-3765-2022-09-07.html" target="_blank" rel="noopener noreferrer">
Second Circuit Approves Cy Pres-Only Settlement in Student Loan Case
</a>
</h3>
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<div class="news-meta">
<span class="news-date">📅 September 7, 2022</span>
<span class="news-source">📰 Justia Law</span>
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<p class="news-description">
Court approved settlement establishing nonprofit for student loan counseling despite no direct payments to class members in Hyland v. Navient. This precedent-setting decision addresses the validity of cy pres-only settlements where direct distribution is impractical.
</p>
<a href="https://law.justia.com/cases/federal/appellate-courts/ca2/20-3765/20-3765-2022-09-07.html" target="_blank" rel="noopener noreferrer" class="news-link">
Read Full Article →
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<p>© 2024 CyPresAwards. A comprehensive database for legal professionals to identify suitable non-profits for cy pres awards.</p>
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