PHILADELPHIA, Nov. 13, 2014 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, reported today that the NFL concussion suit settlement for about $765 million is expected to be officially approved as most players seem to be accepting the deal. A whopping 99% of those who were offered the settlement are on board with it. According to court filings, settlement notices were sent to over 25k players and nearly 9k relatives of deceased players, and over 99% of those involved are in support or acceptance of the settlement. According to court documents, the number of those who have opted out is less than 1% of those covered by the deal. In that 1% are approximately 200 former players or their families. Those who have opted out have the option to sue the NFL individually, but they would have to prove that their brain injuries were a result of concussions during league play.
The landmark settlement is still waiting final approval, and U.S. District Judge Anita Brody has scheduled a fairness hearing, which will be held November 19th in Philadelphia. Also, according to ESPN, a federal judge will be taking written objections through December 11th. According to USA Today, "The settlement would provide awards of up to $5 million for ALS (Lou Gehrig's Disease), $3.5 million for Parkinson's and Alzheimer's and $3 million for neurocognitive impairment such as dementia." Other less severe traumatic brain injuries, including CTE, will receive awards ranging up to $1MM to $2MM. However, the older the retiree the lower the award will likely be.
Patty Kirby, Head of NFL Funding at Legal-Bay, commented on the company's focus to assist NFL players get some cash relief today, "We are surprised at the rate of Opt-in's on this particular litigation, especially with so much opposition initially. However, the lawyers seemed to achieve the best deal for all involved to get paid as quickly and fairly as possible without contesting liability. Unfortunately the approval of the deal on Nov. 19th may just be the start of the payment process, as the NFL has provisions to appeal the awards and no one knows the timing of this of yet. Our guess is that most claims will not see payment until late 2015 or later. However, our firm stands committed to helping NFL players and their families get some cash to pay bills immediately if they cannot wait for their full payment in 2015."
Legal-Bay is a lawsuit pre-settlement funding company that provides cash advances to plaintiffs while they're awaiting payments before their cases are fully settled. Legal-Bay is currently providing up to $50K pre-settlement lawsuit cash on 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 and Painkiller 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, 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 has been victimized by a wrongful termination, sexual harassment, sexual abuse, discrimination, NFL concussion and/or painkiller abuse, 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.
Contact: Patty Kirby, COO/Head of Client Relations
Ph. 877.571.0405 Email [email protected]
SOURCE Legal-Bay LLC