FEDERAL · 28 U.S.C. · Chapter 114
Protection against loss by class members
Current through Pub. L. 119-102
The court may approve a proposed settlement under which any class member is obligated to pay sums to class counsel that would result in a net loss to the class member only if the court makes a written finding that nonmonetary benefits to the class member substantially outweigh the monetary loss.
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28 U.S.C. § 1713 (Protection against loss by class members) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
National State Bank of Newark v. The United States. The Bowery Savings Bank v. The United States
357 F.2d 704 (Court of Claims, 1966)
Kenneth Njema v. Wells Fargo Bank, N.A.
847 F.3d 934 (Eighth Circuit, 2017)
Source Credit
History
(Added Pub. L. 109–2, §3(a), Feb. 18, 2005, 119 Stat. 7.)
Editorial Notes
Statutory Notes and Related Subsidiaries
Effective Date
Section applicable to any civil action commenced on or after Feb. 18, 2005, see section 9 of Pub. L. 109–2, set out as an Effective Date of 2005 Amendment note under section 1332 of this title.
Effective Date
Section applicable to any civil action commenced on or after Feb. 18, 2005, see section 9 of Pub. L. 109–2, set out as an Effective Date of 2005 Amendment note under section 1332 of this title.