Schnader Wins Notable Victory in Cy Pres Litigation
On April 25, 2019 by Schnader in FinanceOn April 16, 2019, the Philadelphia Orphans’ Court awarded $1.2 million in cy pres funds to the Philadelphia Chinatown Development Corporation (PCDC). Schnader represented PCDC in this matter, which involved the distribution of funds remaining from the dissolution of the former Chinatown Building and Education Foundation (CBEF). CBEF’s main asset […]