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NFL settles the concussion suits for $765 million
Posted on 8/29/13 at 11:41 am
Posted on 8/29/13 at 11:41 am
LINK
ETA:
LINK
quote:
A federal judge says the NFL and more than 4,500 former players want to settle concussion-related lawsuits for $765 million.
The global settlement would fund medical exams, concussion-related compensation and medical research.
ETA:
quote:
According to the settlement, $675 million of the $765 million would be used to compensate former players and families of deceased players who have suffered cognitive injury. Other money will be used for baseline medical exams, the cost of which will be capped at $75 million. The NFL will also fund research and education at a cost of $10 million.
Individual awards would be capped at $5 million for men with Alzheimer's disease; $4 million for those diagnosed with chronic traumatic encephalopathy (CTE) after their deaths; and $3 million for players with dementia.
The settlement will include all players, their authorized representatives or family members if a player is deceased, who have retired as of the date on which the court gives preliminary approval of the settlement.
The NFL has 20 years to pay the full amount of the settlement, but half of the total must be paid within the first three years and the rest over the next 17 years.
Legal fees are not included in this agreement. A district court will decide what compensation the plaintiffs can receive for those costs.
LINK
This post was edited on 8/29/13 at 1:09 pm
Posted on 8/29/13 at 11:43 am to tigerpimpbot
What about when the next wave of lawsuits come?
Posted on 8/29/13 at 11:43 am to tigerpimpbot
Good now hopefully we can move away from this.
Posted on 8/29/13 at 11:43 am to tigerpimpbot
Does that mean they can stop playing pussy arse football now?
Posted on 8/29/13 at 11:50 am to tigerpimpbot
That's less than I was expecting
Posted on 8/29/13 at 11:54 am to tigerpimpbot
I wonder how many of these players will spend all of their winnings in less than 3 months.
Posted on 8/29/13 at 11:56 am to tigerpimpbot
Seems like the NFL got a pretty good deal if this is the end of the lawsuits. Couldve been a lot worse
Posted on 8/29/13 at 12:04 pm to tigerpimpbot
quote:
Senior U.S. District Judge Anita Brody in Philadelphia announced the proposed settlement Thursday after months of court-ordered mediation. She still must approve it at a later date.
Any legal experts know what the chances are that the judge would throw out a settlement like this?
Posted on 8/29/13 at 12:13 pm to tigerpimpbot
Price of beer just went up again
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