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Bill on class-action leftover funds raises questions about redirecting unidentified settlement money to state
Summary
A hearing on HB 6807 considered requiring leftover settlement funds from class actions be directed to the state general fund and capping attorneys’ fees; sponsors said the bill would prevent activist-driven settlements that divert funds to NGOs, while opponents warned it may not apply broadly and could push cases to federal court.
A bill to change how unclaimed or non‑distributed funds from class‑action settlements are handled drew testimony from its sponsor and legal observers in a brief Senate Judiciary hearing. The measure would require any settlement funds that cannot be distributed to identified class members to be deposited in the New Hampshire general fund rather than going to a third‑party organization, and it would put a cap on plaintiffs’ attorney fees tied to an established schedule.
The sponsor described “sue-and-settle”…
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