NFL Concussion Litigation Faces Fight Over Selling Settlement Proceeds

On October 13, 2017, class counsel in the National Football League concussion litigation asked a Pennsylvania federal judge to rule that an uncapped settlement agreement prohibits players from assigning their payouts to a third party. The motions stem from a hearing in July that addressed concerns that players who would benefit from an uncapped settlement were being improperly solicited by claim assistance providers who may be giving misleading offers. Then, in a September hearing, class counsel warned the judge that many players made deals with …

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Delayed Concussion Settlement Exacerbates High Interest Rate Loans

Following the Third Circuit Court’s unanimous approval to uphold the NFL concussion settlement, a petition to rehear the appeal en banc has left former NFL players playing the financial waiting game. The impending settlement payouts have lenders circling, preying on vulnerable former NFL players that have debts to pay while suffering from both memory loss and cognitive issues.

Lenders, such as Thrivest, Atlas Legal Fund, and RD Legal Funding, are advertising presettlement loans as financial salvation for retired NFL players, many …

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