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NFL Concussion Settlement

NFL Concussion Settlement

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Published by Deadspin
NFL Concussion Settlement
NFL Concussion Settlement

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Published by: Deadspin on Aug 29, 2013
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09/10/2013

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IN THE UNITED STATES DISTRICT COURTFOR THE EASTERN DISTRICT OF PENNSYLVANIA
 
IN RE: NATIONAL FOOTBALL
LEAGUE PLAYERS’
CONCUSSION INJURYLITIGATION::::: MDL No. 2323: 12-md-2323THIS DOCUMENT RELATES TO:ALL ACTIONS::
ORDER 
Earlier today, in accordance with the reporting requirements in my order of July 8, 2013,the Honorable Layn Phillips, the court-appointed mediator, informed me that the plaintiffs andthe NFL defendants had signed a Term Sheet incorporating the principal terms of a settlement.Judge Phillips also reported that the proposed settlement provides for a payment by the NFLdefendants of $765,000,000 to fund medical exams, concussion-related compensation, and a program of medical research for retired NFL players and their families, as well as to pay certainlitigation expenses. In addition to this, the NFL will pay court-
approved attorneys’ fees.
Furthermore, Judge Phillips advised me that the parties are preparing to submit a motion seeking preliminary court approval of the settlement that will incorporate the full documentation relatingto the settlement.Of course, I reserve judgment on the fairness, reasonableness, and adequacy of thesettlement until the motions for preliminary and final approval of the settlement are filed. At thattime, counsel must present a complete explanation and justification for the settlement. Rightnow, however, I commend the parties and their counsel on their extensive and good faithnegotiations and thank Judge Phillips for his diligence in assisting the parties in reaching anagreement.
Case 2:12-md-02323-AB Document 5235 Filed 08/29/13 Page 1 of 2

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