Pharma Investments, Ventures & Law Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Pharma Investments, Ventures & Law Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Dworken & Bernstein Co., L.P.A.
'Scrooge' Lawyers Say 'Bah, Humbug' to Charities, Saying Unclaimed Funds from Class Action Suits Should Go to the U.S. Government Instead of Charities
January 4th, 2009
The headlines across America -- Cry for Food Overwhelms Charities, Nonprofits in a Faltering Economy, Charities Struggling with Their Own Needs -- say it all. Charities across the country are hurting, facing unprecedented demand while experiencing cuts in funding. One American Lawyer, Patrick Perotti, a partner at the Cleveland law firm of Dworken & Bernstein Co., L.P.A., is giving the gift of hope and cash -- more than $18 million this year alone -- to struggling charities thanks to a legal doctrine known as cy pres. Cy pres allows the court or the parties involved in a class action to direct any unclaimed funds to charity instead of returning them...
Source: Pharma Investments, Ventures & Law Weekly (2009-01-04)
|
