U.S. High Court Denies Cy Pres, Incentive Payment Petitions In Student Loan Suit

Mealey's (April 17, 2023, 11:17 AM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on April 17 denied two petitions filed by objectors challenging a class settlement that provides monetary relief only in the form of a cy pres award in a lawsuit against the loan serving company for allegedly failing to properly help borrowers eligible for student loan forgiveness....