Hello There, Guest! (LoginRegister)

Post Reply 
E.A. Sports and Collegiate Licensing to Pay $40 Million to Compensate Athletes
Author Message
quo vadis Offline
Legend
*

Posts: 50,235
Joined: Aug 2008
Reputation: 2443
I Root For: USF/Georgetown
Location: New Orleans
Post: #9
RE: E.A. Sports and Collegiate Licensing to Pay $40 Million to Compensate Athletes
(09-28-2013 10:23 AM)bitcruncher Wrote:  
(09-28-2013 09:11 AM)TerryD Wrote:  The players get about $322 each. The plaintiff lawyers in the class action probably get around $9 million. That is how class action lawsuit settlements usually end up. Ah, America!
The initial filer gets a percentage of everybody's cut. So the one who filed the suit will make out pretty well, while the rest get a pittance...

Sometimes, sometimes not. That is at the discretion of the court, and public perceptions often play a role.

E.g., in the recent NFL class action lawsuit about NFL Film's use of player's likenesses, the lead plaintiffs initially resisted the proposed settlement because they wanted "incentive money" as the initial filers. But then the Federal judge criticized them thusly:

" (Judge) Magnuson criticized those players who rejected the settlement in an April 5 order. "It is the height of disingenuousness for these same plaintiffs to now complain, like children denied dessert, that the settlement does not benefit enough the individuals who brought the lawsuit," he wrote."

This prompted the media and some other players to grumble that the original filers were being greedy, and so these initial plaintiffs hastily announced that they were opposing the settlement not because they wanted more than other players, but because they felt it did not benefit all players enough. They further denied that they had sought extra money from the court as the initial filers.

Usually, lead plaintiffs get more if they really stuck their necks out in some way, such as risking their jobs or pursuing a case that initially appeared unlikely to succeed but that through dogged determination and much personal time and expense they developed into something big. Otherwise, they typically get no more than the rest of the class.
(This post was last modified: 09-28-2013 09:14 PM by quo vadis.)
09-28-2013 09:10 PM
Find all posts by this user Quote this message in a reply
Post Reply 


Messages In This Thread
RE: E.A. Sports and Collegiate Licensing to Pay $40 Million to Compensate Athletes - quo vadis - 09-28-2013 09:10 PM



User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2024 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
We allow third-party companies to serve ads and/or collect certain anonymous information when you visit our web site. These companies may use non-personally identifiable information (e.g., click stream information, browser type, time and date, subject of advertisements clicked or scrolled over) during your visits to this and other Web sites in order to provide advertisements about goods and services likely to be of greater interest to you. These companies typically use a cookie or third party web beacon to collect this information. To learn more about this behavioral advertising practice or to opt-out of this type of advertising, you can visit http://www.networkadvertising.org.
Powered By MyBB, © 2002-2024 MyBB Group.