Rick Hagstrom Quoted in Bench & Bar of Minnesota

Senior Partner Richard Hagstrom was quoted in Bench & Bar of Minnesota. The article, entitled "When the Cup Runs Over - Distributing Leftover Funds Via Cy Pres," addresses how settlement funds are distributed when not all class members may be found. Whether and how the residual funds should be distributed is for the judge to decide, and arguments for and against cy pres distribution both draw on fundamental values. Rick's quote pertains to the Minnesota Microsoft settlement which included a cy pres provision and ultimately provided funds for Minnesota schools, Legal Aid, and the University of Minnesota. To view the article in full, please click here.