ABBEY SPANIER RODD & ABRAMS, LLP PRESENTS CY PRES AWARD TO EQUAL JUSTICE WORKS

Abbey Spanier Rodd & Abrams presented Equal Justice Works with a cy pres award in settled case In re Asia Pulp & Paper Securities Litigation. This securities class action raised several complex issues with respect to the efficiency of the market for foreign securities and the enforceability of a judgment against a foreign entity.

A cy pres award refers to a court-ordered award to a charitable organization of the unclaimed or excess funds in a class action judgment or settlement. This award will help Equal Justice Works in their work to mobilize law students and new lawyers to work on behalf of underserved communities and causes.