11-09-2018, 08:02 AM
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#6
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Franchise Player
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Quote:
Monetary Settlement Benefits:
$6,996,000 aggregate in payments for all settling clients ($22,000/each; no lawyer fees or costs will be deducted from these payments)
$552,000 aggregate in supplementary payments for those clients who submitted Plaintiff Fact Sheets or claimant-specific interrogatory responses ($4,000/each)
$60,000 aggregate in Settling Plaintiff Service Awards ($10,000/each)
$1,100,000 aggregate for Additional Payment Fund (for qualifying Testing Participants, maximum of $75,000 per such qualifying participant; any surplusage goes to the Common Good Fund; if a shortfall, draw money up from Common Good Fund)
$2,514,000 aggregate for Common Good Fund (for health and welfare of retired players, and to backstop the Additional Payment Fund)
$750,000 aggregate for Administrative Expenses (Claims Administrator, Lien Administrator, Judge Keyes; any surplusage to Common Good Fund; any shortfall made up from Common Good Fund)
$6,950,000 aggregate for Attorneys’ Fees and Costs (no additional fees or costs permissible under individual client retainer agreements)
$18,922,000 Total Monetary Benefits (all of the above elements)
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Ah, so lawyers get $6.9 million, and the rest is in other funds?
I'm not sure I'd accept $22k. Seems really low.
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