PHILADELPHIA, April 24, 2015 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that Federal District Judge Anita B. Brody approved the landmark potential $1 billion settlement in the NFL concussion lawsuit, hopefully putting an end to this part of the litigation. The settlement was first reached in August of 2013, but Judge Brody asked both sides to revise the settlement agreement terms twice. Initially, the NFL agreed to pay up to $765 million, but Judge Brody asked them to remove that cap, and then to remove the limit on how much money could be spent on medical monitoring, according to The NY Times. The $765 million cap has since been removed, and now that she believes the terms are fair, she gave her final approval to the settlement on Wednesday. The concussion lawsuits were brought against the league by more than 5,000 former NFL players who claimed the NFL hid the concussion risks and dangers from them. According to The NY Times, the landmark settlement provides payments up to $5 million for players who have one of several severe neurological disorders, medical monitoring for all players to ascertain if they are eligible for payment, and $10 million for concussion education.
As part of their terms of the deal, the NFL insisted that all retired players be covered by the settlement, not just the 5,000 former players who have already sued. However, there are approximately 200 players who chose to opt out of the settlement in order to reserve their right to remain fighting the NFL. Due to the recent landmark settlement, Legal-Bay – a law cash advance company – is reaffirming their dedication to assisting former NFL players who have suffered complications or a neurological disorder due to a concussion.
Patty Kirby, COO and Head of NFL Lawsuit Funding at Legal-Bay, commented on the final settlement approval, "We are relieved that the judge has finally approved the settlement and the case can now move on towards the settlement payment, however, we have serious concerns on when NFL retirees will actually get their money. The appellate process gives the NFL unlimited appeal rights on each and every case, which could seriously delay payments well into 2016 or beyond on cases that are appealed."
Legal-Bay is a lawsuit pre-settlement funding company that provides cash advances and lawsuit money to plaintiffs while they're awaiting payments before their cases are fully settled. Legal-Bay is currently providing up to $100K on pre-settlement lawsuit cash on serious injury NFL concussion cases. The cash advances are on a non-recourse basis, meaning the plaintiff only needs to repay the advance if the case is successful. Legal-Bay does not buy the full claim but only advances a small portion of the expected settlement amount. Any fees or expenses accrued on the advance will be repaid by the plaintiff's lawyer if and when the case is officially settled and paid. To learn more about Legal-Bay's NFL Concussion Lawsuit funding cases, feel free to visit: http://lawsuitssettlementfunding.com/nfl-concussion-settlement-funding.php
Here is a list of just some of the other employment or work-related cases that Legal-Bay is considering for pre-settlement cash advance: Catholic Church or Clergy Sex Abuse cases, Penn State University Sexual Abuse cases, Citadel Military University Sexual Abuse cases, Summer Camp or Camp Sexual Abuse cases, Sexual Harassment cases on the job or in the workplace, Sexual Abuse cases in State or Government Run Group or Foster Homes, Sexual Abuse or Harassment to minors who are now adults, Sexual Harassment cases in the workplace that led to wrongful termination, Sexual Abuse/Wrongful Death suits, Assault and Battery cases in the workplace or on the job, Wrongful Termination, Discrimination in Workplace or on the job, BP Work and Economic claims, and several others.
Legal-Bay's programs are non-recourse lawsuit cash advances, also known as case funding. None of the programs should be considered to be a lawsuit loan, lawsuit loans, settlement loans, settlement loan, pre-settlement loans, or a pre-settlement loan. To learn more about how Legal-Bay's funding process visit: http://lawsuitssettlementfunding.com/funding-process.php
If you, or a loved one, have been victimized by a wrongful termination, sexual harassment, sexual abuse, discrimination, NFL concussion, or are involved in other employment disputes such as a whistleblower suit and need a lawsuit cash advance while you wait for your settlement award, feel free to call Legal-Bay on its toll-free hotline at: 877.571.0405 where live agents are standing by 24 hours a day to assist you. You may also apply online at: http://lawsuitssettlementfunding.com and an agent will respond to your request shortly.
Legal-Bay LLC (and their related companies) is not a law firm and cannot provide legal advice on your case, however, Legal-Bay works with lawyers involved in mass tort litigations who can provide you with a free legal consultation at the consumer's direction.
SOURCE Legal-Bay LLC