April 26, 2019
On Friday the Third Circuit Court of Appeals delivered a precedential ruling regarding a district courts authority over third-party settlement funders. As a result of the ruling, many NFL settlement class members will once again find themselves on the hook for advances on their settlement awards. I explain the ruling, in the following thread:
Here’s the order in its entirety:
I did a second thread on the funder issue including some articles that published after my initial tweets, which include comments from Chris Seeger and attorneys for the lenders.