CRESSKILL, N.J., Nov. 23, 2015 /PRNewswire/ -- United States District Judge Anita Brody gave final approval of the settlement reached between the National Football League (NFL) and the plaintiffs from the NFL Concussion lawsuit. While the compensation program gets established, it may take some months or years before plaintiffs can receive compensation of their awards and attorneys can receive their fees from the settlement. RD Legal Funding, LLC ("RD Legal") is ready to advance a portion of the awards plaintiffs are expected to receive from the NFL Concussion settlement. For attorneys who are going to receive fees from the NFL Concussion settlement, RD Legal is also ready to advance a portion of their expected fees on this settlement and any other delayed settlement through their Fee Acceleration product.
Roni Dersovitz, Founder of RD Legal, says "while the settlement has reached the proverbial touchdown with final approval, it will be months before payments start flowing to plaintiffs and their attorneys. Our post-settlement funding products can help alleviate any financial pressures plaintiffs and/or attorneys may face and bridge them until they receive their compensation."
The issue of NFL concussions has been in the headlines for years with the high profile suicides of former players like Junior Seau, Jovan Belcher, Paul Oliver, Ray Easterling, Shane Dronett, Dave Duerson, Andre Waters and Terry Long. News stories in major media outlets and documentaries have also profiled the hardship that former players have faced after their playing careers are over. The issue moved beyond the sports world, and became a huge news story that is now being closely followed by the general public.
Former NFL players sued the league for brain injuries they suffered while playing the sport. Initially, the 2013 settlement was capped at $765 million, but United States District Judge Anita B. Brody pushed to remove the cap which the NFL reluctantly, but ultimately agreed to do. The settlement includes a compensation fund, funding for baseline testing, and funding for medical research and education. There are some estimates of the settlement costing the NFL close to $1 billion. The NFL has also agreed to pay the plaintiff's legal fees which are estimated to be over $110 million. The website, NFL Concussion Settlement, was established (www.nflconcussionsettlement.com) to answer many questions pertaining to settlement including eligibility and monetary awards.
For any plaintiff looking for an advance on their NFL Concussion award or attorney looking for an advance on their fee tied to the NFL Concussion settlement, please contact RD Legal at 1-800-565-5177. They can also click here (http://www.legalfunding.com/eligible-cases/nfl-concussion-settlement-funding/) for more information regarding NFL Concussion Settlement funding.
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SOURCE RD Legal Funding, LLC