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HB 2700 - Requires Redistribution of Unclaimed Damages from Class Action Lawsuits - Oregon Key Vote

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Title: Requires Redistribution of Unclaimed Damages from Class Action Lawsuits

Signed by Governor Kate Brown


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Title: Requires Redistribution of Unclaimed Damages from Class Action Lawsuits

Vote Smart's Synopsis:

Vote to pass a bill that requires a court to redistribute unclaimed damages awarded in class action lawsuits to legal aid services, effective immediately.

Highlights:

  • Requires a court to order that at least 50 percent of unclaimed damages that are not paid to class action members to be paid to the Oregon State Bar, or another entity with a purpose directly related to the class action or the interests of class action members (Secs. 3 & 4).
  • Specifies that funds paid to the Oregon State Bar are only to be used for the funding of legal aid services through the Legal Services Program (Secs. 3 & 4).
  • Specifies that the provisions of this bill apply only to class action lawsuits in which a “final judgment” has not been entered prior to the effective date of this bill (Sec. 5). 
  • Requires a judgment in a class action lawsuit to “generally describe” the members of the class and specifically identify individuals who requested exclusion from the class and are not bound by the judgment (Sec. 2). 

NOTE: A BILL WITH AN EMERGENCY CLAUSE GOES INTO EFFECT IMMEDIATELY UPON ENACTMENT OR ON A SPECIFIED DATE.

Full Bill Text

See How Your Politicians Voted

Title: Requires Redistribution of Unclaimed Damages from Class Action Lawsuits

Vote Smart's Synopsis:

Vote to pass a bill that requires a court to redistribute unclaimed damages awarded in class action lawsuits to legal aid services, effective immediately.

Highlights:

  • Requires a court to order that at least 50 percent of unclaimed damages that are not paid to class action members to be paid to the Oregon State Bar, or another entity with a purpose directly related to the class action or the interests of class action members (Secs. 3 & 4).
  • Specifies that funds paid to the Oregon State Bar are only to be used for the funding of legal aid services through the Legal Services Program (Secs. 3 & 4).
  • Specifies that the provisions of this bill apply only to class action lawsuits in which a “final judgment” has not been entered prior to the effective date of this bill (Sec. 5). 
  • Requires a judgment in a class action lawsuit to “generally describe” the members of the class and specifically identify individuals who requested exclusion from the class and are not bound by the judgment (Sec. 2). 

NOTE: A BILL WITH AN EMERGENCY CLAUSE GOES INTO EFFECT IMMEDIATELY UPON ENACTMENT OR ON A SPECIFIED DATE.

Full Bill Text

Title: Requires Redistribution of Unclaimed Damages from Class Action Lawsuits

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