The federal judge overseeing the implementation of the $1 billion concussion-related settlement involving the NFL has barred third-party litigation funders from entering into assignment agreements with retired players.

U.S. District Judge Anita Brody of the Eastern District of Pennsylvania on Friday ruled that settlement language specifically forbids lenders from entering into loan agreements that require ex-players to assign over their monetary claims. The ruling rejected arguments from funders that the language only forbid assigning a claimant’s tort claims, rather than monetary claims.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]