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$2.3 Million Cy Pres Award Issued to the Federal Employees Education Assistance Fund

On December 20, 2013, $2.3 million of unclaimed residual settlement funds was awarded to the Federal Employee Education and Assistance Fund through a Cy Pres distribution approved by the Federal District Court for the Southern District of Ohio.  The $2.3 million charitable award resulted from a settlement Goldenberg Schneider attorneys negotiated with MetLife following the certification of nationwide class of beneficiaries who received life insurance payments made pursuant to the Federal Employee Group Life Insurance (FEGLI) program.  The Federal Employee Education & Assistance Fund is a non-profit organization that offers college scholarships, emergency assistance, and childcare subsidies to civilian federal and postal employees.

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