$1.5 million cy pres award goes toward student scholarships
Monday, September 10, 2012
U.S. District Court Judge Clay D. Land (J.D.'85) has entered an order directing $1.5 million of a cy pres remainder fund to Georgia Law to endow a new scholarship fund. Alumni Joel O. Wooten (J.D.'75) and James E. "Jim" Butler (J.D.'77) represented the class that obtained the class action settlement and were members of the Remainder Fund Committee that made recommendations to the court on distribution of the funds. The scholarship will award financial assistance to deserving Georgia Law students “who have demonstrated an intention and commitment to dedicate a significant part of their professional career to the representation of individuals in civil matters who, due to their financial circumstances and the nature of their legal problem, would be unlikely to be able to privately retain legal counsel.”
Office of Communications and Public Relations, "$1.5 million cy pres award goes toward student scholarships" (2012). Press Releases. 587.