PRC Designated Recipient of $560,000 Cy Pres Award

The Pension Rights Center, a nonprofit consumer organization dedicated to protecting and promoting retirement security, was designated the recipient of a $560,000 cy pres award by Bailey & Glasser, LLP.

A cy pres award allows for the distribution of leftover funds from the settlement of a lawsuit to be disbursed to charitable organizations whose mission generally aligns with the purpose of the lawsuit. BG partner Gregory Porter commented that we are “delighted that undisbursed money is going to the Pension Rights Center, which has been working for 47 years to protect retirement security for workers and retirees, particularly for lower and moderate wage earners.” To learn more visit The Pension Rights Center website.

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