The NFL Is Paying $765 Million To Settle A Massive Concussion Lawsuit

Discussion in 'Chicago Bears' started by The Benjamin, Aug 29, 2013.

  1. The Benjamin

    The Benjamin George Halas
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    The NFL is paying $765 million to settle a massive lawsuit accusing the league of being responsible for the brain damage of thousands of players, Sports Illustrated reporter Peter King has tweeted.

    The settlement agreement says the money will be used "to fund medical exams, concussion-related compensation, and a program of medical research" for 4,500 plaintiffs. That amounts to roughly $170,000 for every player or his estate, King says.

    Former and current NFL players accused the league of concealing the risks of concussions, which led to depression, memory, and suicide, The Associated Press reports. Some experts thought their suit would have been worth as much as $1 billion of the suit had gone to a jury trial, according to AP.

    Here's what presiding Judge Anita Brody said about the settlement, according to King. "From the outset of this litigation, I have expressed my belief that the interests of all parties would be best served by a negotiated resolution of this case. The settlement holds the prospect of avoiding lengthy, expensive and certain litigation, and of enhancing the game of football."

    http://www.businessinsider.com/nfl-settles-player-concussion-lawsuit-2013-8
     
  2. golfinbuddy

    golfinbuddy Newbie

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    Wow, that's a lot of money but honestly thought it was going to end up higher.
     
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  3. riczaj01

    riczaj01 DaBears Ditka
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    good. The truly injured get their help and the succofants that were just looking for a free lunch get nothing.
     
  4. Bearstuff

    Bearstuff Yes, in the woods.
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    lol succofants
     
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  5. short faced bear

    short faced bear Assistant Head Coach
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    I thought that was someone JA drafted lol.
     
  6. riczaj01

    riczaj01 DaBears Ditka
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    couldn't be bothered to spell check, sue me ;p
     
  7. JustAnotherBearsFan99

    JustAnotherBearsFan99 Assistant Head Coach
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    Goodell will have that cash in fine money - by midseason :-)
     
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  8. shark86x

    shark86x Pro-Bowler
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  9. riczaj01

    riczaj01 DaBears Ditka
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    Also heard that 50% of the payment happens in the 1st 3yrs and the rest are paid over several years
     
  10. MPbears68

    MPbears68 Hall of Famer

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    No way there would be a settlement without a "non-admission clause" and a "limited liability" clause. No point settling a case out of court unless it closes the door to further litigation by the plaintiffs.
     
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