Federal judge initially rejects $765 million settlement
The federal judge presiding over a $765 million settlement of NFL concussion lawsuits has initially denied the compromise, saying it's not enough money to provide for 20,000 retired players involved in the litigation.
According to the Associated Press, U.S. District Judge Anita B. Brody requested more financial information from both sides.
This follows the players' lawyers filing a detailed payout plan for Brody to review.
"I am primarily concerned that not all retired NFL football players who ultimately receive a qualifying diagnosis or their (families) ... will be paid," Brody wrote today.
Added NFL spokesman Greg Aiello: "We respect Judge Brody's request for additional information as a step towards preliminary approval. We will work with the plaintiffs' attorneys to supply that information promptly to the court and special master. We are confident that the settlement is fair and adequate, and look forward to demonstrating that to the court."
A settlement is eventually expected to be approved.
"We are confident that the settlement will be approved after the Court conducts its due diligence on the fairness and adequacy of the proposed agreement," retired players lawyer, Christopher Seeger said in a statement. "Analysis from economists, actuaries and medical experts will confirm that the programs established by the settlement will be sufficiently funded to meet their obligations for all eligible retired players. We look forward to working with the Court and Special Master to address their concerns, as they rightfully ensure all class members are protected.
"We believe this is an extraordinary settlement for retired NFL players and their families, and have received overwhelming support as they have learned about its benefits. We look forward to finalizing this agreement so they can soon begin taking advantage of its benefits."
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Aaron Wilson covers the Ravens for The Baltimore Sun.