28 USC 1713: Protection against loss by class members
Result 1 of 1
   
 
28 USC 1713: Protection against loss by class members Text contains those laws in effect on December 20, 2024
From Title 28-JUDICIARY AND JUDICIAL PROCEDUREPART V-PROCEDURECHAPTER 114-CLASS ACTIONS

§1713. Protection against loss by class members

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.

(Added Pub. L. 109–2, §3(a), Feb. 18, 2005, 119 Stat. 7 .)


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.