PHILADELPHIA (AP) — WHAT HAPPENED: Lawyers for more than 4,500 former players and the NFL have agreed to settle the lawsuit brought by the players for concussion-linked injuries they suffered while playing. Settlements must be approved by a judge to ensure they are fair to both parties. In this case, Judge Anita B. Brody said she wants more financial data before giving preliminary approval to the agreement.
WHAT SHE SAID: “I am primarily concerned that not all retired NFL football players who ultimately receive a qualifying diagnosis or their (families) … will be paid.” … She also said “it is difficult to see how” the $675 million fund set aside to pay claims will last for 65 years, as projected in the settlement.
WHAT THAT MEANS: The parties need to provide more information to back up their claims that the money will be sufficient. If they can’t do that to her satisfaction, they may need to renegotiate the terms of the settlement.
WHAT’S NEXT? Brody wrote that she would order the parties to submit more information to the court. Once that happens, and if she gives preliminary approval to the settlement, there will be a hearing at which objectors can speak and their issues addressed before final settlement and payments.