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Judge Overseeing Concussion Settlement Invalidates Litigation Funding Agreements with NFL Players

Judge Overseeing Concussion Settlement Invalidates Litigation Funding Agreements with NFL Players

A federal judge ruled last week that litigation funding agreements with National Football League players who are seeking to recover under the NFL’s concussion settlement agreement. In a sweeping ruling, U.S. District Court Judge Anita Broady held that the anti-assignment provision in the settlement agreement precluded the agreements where by the players sold their right to receive future settlement payments in order to receive more immediate sums from the litigation funders. The high-profile concussion settlement involves former NFL players who settled…

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Will NFL ‘Feeding Frenzy’ Lead to ‘Watershed’ Moment – and Greater Disclosure – for Litigation Funding?

Will NFL ‘Feeding Frenzy’ Lead to ‘Watershed’ Moment – and Greater Disclosure – for Litigation Funding?

The news in July was that litigation funding companies were engaging in a “feeding frenzy” of agreements with former National Football League players who could be among the nearly 5,000 NFL veterans entitled to a share of the $1 billion concussion claims settlement. The latest news reports two new twists: that the agreements are being challenged en masse, in ways that involve some unusual procedural means, and that a lead attorney in the concussion lawsuit – who has voiced criticisms of…

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