|
|
| To enact section 2315.50 of the Revised Code to | 1 |
| declare how monetary awards in class actions that | 2 |
| are not paid over to members of the class are to | 3 |
| be used. | 4 |
| Section 1. That section 2315.50 of the Revised Code be | 5 |
| enacted to read as follows: | 6 |
| Sec. 2315.50. (A) This section applies to an action | 7 |
| maintained as a class action in which the settlement agreement or | 8 |
| judgment includes a monetary award, including compensatory or | 9 |
| punitive and exemplary damages, restitution, or any other payment | 10 |
| of money due from each defendant to the members of the class. | 11 |
| (B) It is the policy of this state, insofar as it is not | 12 |
| inconsistent with federal law, that, except as otherwise provided | 13 |
| by court order, all unpaid moneys remaining after the | 14 |
| distribution to the members of the class of monetary awards in | 15 |
| class actions described in division (A) of this section shall be | 16 |
| used for charitable public purposes. All of those unpaid moneys | 17 |
| shall be distributed to charities, nonprofit organizations, and | 18 |
| charitable programs selected in the action and approved by the | 19 |
| court. | 20 |