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S07290 Summary:

BILL NOS07290
 
SAME ASNo Same As
 
SPONSORBRISPORT
 
COSPNSR
 
MLTSPNSR
 
Add §910, CPLR
 
Requires class action compromise or settlement payments to be available to class members as a direct deposit into a bank account of a class member.
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S07290 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7290
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                      April 8, 2025
                                       ___________
 
        Introduced  by Sen. BRISPORT -- read twice and ordered printed, and when
          printed to be committed to the Committee on Judiciary
 
        AN ACT to amend the civil practice law and rules, in relation to payment
          to class members for class action settlements
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.    The civil practice law and rules is amended by adding a
     2  new section 910 to read as follows:
     3    § 910. Payments to class  members.  Any  class  action  compromise  or
     4  settlement  that  has  a  monetary component to be paid to class members
     5  shall include an option for such class members to  be  paid  any  monies
     6  owed by deposit directly into a bank account of such class member.
     7    § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11393-01-5
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