LAWSUITS NEWS & LEGAL INFORMATION
$1 Billion NFL Concussion Class Action Settlement Approved on Appeal
This is a settlement for the NFL Concussion Lawsuits lawsuit.
Santa Clara, CA: A $1 billion settlement has been upheld in the infamous concussion class action lawsuit brought by National Football League (NFL) players against the NFL.
Approved by the 3rd U.S. Circuit Court of Appeals, the revised settlement deal will resolve thousands of lawsuits brought against the league, as well as covering over 20,000 retired NFL players for the next 65 years. According to estimates by the NFL, 6,000 former players, or nearly three in 10, could develop Alzheimer's disease or moderate dementia.
The original settlement was appealed as critics had argued that any settlement must include future payments for chronic traumatic encephalopathy (CTE), the brain decay found in dozens of former players after their deaths.
While the appellate judges acknowledge those points in the 69-page ruling, they found the settlement was for the greater good of all players.
According to the terms of the agreement, funds of up to $4 million could be paid for prior deaths involving CTE. However, a cut-off date of April 2015 has been set to avoid incentivizing suicides.
Published on Apr-18-16
Approved by the 3rd U.S. Circuit Court of Appeals, the revised settlement deal will resolve thousands of lawsuits brought against the league, as well as covering over 20,000 retired NFL players for the next 65 years. According to estimates by the NFL, 6,000 former players, or nearly three in 10, could develop Alzheimer's disease or moderate dementia.
The original settlement was appealed as critics had argued that any settlement must include future payments for chronic traumatic encephalopathy (CTE), the brain decay found in dozens of former players after their deaths.
While the appellate judges acknowledge those points in the 69-page ruling, they found the settlement was for the greater good of all players.
According to the terms of the agreement, funds of up to $4 million could be paid for prior deaths involving CTE. However, a cut-off date of April 2015 has been set to avoid incentivizing suicides.
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