When $765 Million Isn’t Enough
By Kevin Woo
Last August the National Football League settled a lawsuit with its players union. The league agreed to create a $765 million fund for retired players who suffer the effects of repeated head trauma. Independent neurologists concluded that violent blows to the head can cause concussions, chronic traumatic encephalopathy, dementia and ALS.
The fund is designed to last for 65 years to take into account players who have yet to enter the league. Currently, there are approximately 6,000 plaintiff claims.
The money will be distributed on a sliding scale with those who currently live with dementia receiving between $3-5 million.
This week U.S. District Judge Anita Brody denied preliminary approval of the plan stating that she was unsure that the proposed amount would be sufficient to address all of the potential plaintiff suits for the next 65 years.
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