- Roger Pilon, Cato Institute
Cy pres (from the French cy pres comme —“as near as possible”) originated in the trust context, but has more recently been applied to class action litigation, as courts try to determine what to do with sometimes significant amounts of settlement funds remaining after all identified plaintiff awards have been made. In recent decades, courts have agreed to award such remaining funds to third party recipients who, while not parties to the underlying suits, are deemed worthy by the court. Sometimes, the courts have selected these third party recipients based on recommendations from the attorneys representing the plaintiffs. What are the legal underpinnings for such awards to entities or people not party to the underlying case? What are the policy considerations in making or prohibiting such awards? These and other questions were discussed by our experts.
In December 2013, Rep. Fred Upton, House Energy and Commerce Committee Chairman, and Rep. Greg Walden, Chairman of the Committee's Communications and Technology Subcommittee, announced plans to use 2014 to begin a review process leading to an update of the Communications Act of 1934. Rep. Walden announced in a news release that the committee plans “to look at the Communications Act and all of the changes that have been made piecemeal over the last 89 years and ask the simple question: ‘Is this working for today’s communications marketplace?’” The statute has not been changed in any material way since 1996, when the internet was just beginning to be used on a widespread basis and broadband services were only then emerging.
The participants in this Teleforum addressed fundamental questions, such as: whether an update to the Communications Act is needed and why; if an update is desirable, what a new Communications Act should like, including, more specifically, how the structure of the act should be changed along with the jurisdiction of the Federal Communications Commission.