One More Court-Ordered Shark Alert

Last month, we posted a Shark Alert about the nasty attorneys who have been using every dirty trick they can to get retired players to sign up for “legal representation” in order to get an unearned cut of their possible settlements now that all the legal work has already been done by the original law firms who filed the lawsuits. And the order also covers those “loan” companies also crawling out to offer high interest cash advances against players’ future settlement money that they might receive. Several have even tried to make themselves look like they’re official NFL Settlement firms. You can read our June 14th post – Shark Warning – by clicking HERE.

There are already some players dropping these bottom-feeding lawyers and they’re now facing liens being imposed by those same lawyers arguing the “value” of their so-called services. Even though this isn’t one of those huge million-plaintiff class action lawsuits, the amount of money involved is significant and certainly setting some new lows.

The New York Times Ken Belson recently wrote another detailed article on this feeding frenzy last weekend and it’s cited in the Appendix in this order. You can read After N.F.L. Concussion Settlement Feeding Frenzy of Lawyers and Lenders by clicking HERE.

We uploaded the 12-page order to Scribd to make it easy to print and download. You can also enlarge this document for easier viewing by clicking on the Enlarge button in the lower right corner (and hit ESC to get out of Full Screen mode).

July 19 2017- Notice and Order on Deceptive Practices on Scribd


Comments

One More Court-Ordered Shark Alert — 1 Comment

  1. George Visger

    I was forced to go to one of these sharks in December of 2015 and took a $15,000 advance to get my family through Christmas and some tough times. He pushed me to take more and told me I was the only player to ask for less than $100,000 but luckily I only borrowed enough to survive the holidays and bills. Only reason I took the advance? I was told the settlement checks would start in the spring!

    And now I owe 2 1/2 times the loan amount with no settlement in sight for the players.

    George Visger
    San Francisco 49ers
    ’80 & ’81
    Super Bowl XVI

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