What should happen to unclaimed funds generated by class-action suits? As it is now, judges handling the matters are distributing leftover settlement money to charities they favor—hospitals or law schools or legal aid societies, for example, or, to those charities that bear a connection, however tenuous, to the litigation subject that generated the funds. There needs to be a better way.
International Institute for Conflict Prevention & Resolution, Volume 26, No. 6, June 2008.
Mediation, farmer-lender style, can make the housing mortgage lifeline work. What New Jersey needs for homeowners facing foreclosure in the subprime loan mess
— some 53,600 were filed in 2007 and more are anticipated in 2008 — is a law that requires lenders to seek mediation for their troubled loans before foreclosure, and a
forum in which loans can be modified.
Op-Ed for The Hall Institute of Public PolicyLinda Stamato
The United States Supreme Court has just finished hearing arguments in the case between New Jersey and Delaware over New Jersey’s attempt to use its riverbank for a natural gas storage and processing plant and Delaware’s resistance to it. While we await the decision, which is likely to be several months away, let’s consider a better alternative than the win/lose outcome it will produce. Both states do, after all, have the opportunity to settle their dispute before the Court renders its decision.
The Star Ledger, December 14, 2007
This article also appeared under the title, “Jersey and Delaware Need Not Resort to Court”, in the Op-Ed section of The Star-Ledger on Friday, December 14, 2007Linda Stamato, Sanford Jaffe