Well, now comes the single most important part for the lawyers in the NFL Concussion Lawsuit – but you knew this was coming!
Here’s a copy of the 22-page declaration from Seeger & Weiss filed on Tuesday, Oct 10, 2017 filling in the details on how the $112.5 million+ offered by the NFL will be doled out to the primary attorneys and their law firms for their “contribution” to the concussion lawsuit. That $112.5 million has already been gathering interest since it was first placed in escrow, adding another $338,602.08 in interest, along with an additional $1,368,050.20 in escrow to the original settlement numbers. So the total being paid out to the lawyers now before the players get anything? $114,206,652.28! Yes. That’s $114 MILLION!
It’s also interesting to see the hours claimed by some of these firms when we damn well know they didn’t really put in that much time at all. (You’ll see who we mean!)
And all while only a few players have finally received anything from the settlement; most of them are still waiting on their testing and evaluation for approval. And of course, this piece only covers the legal fees dangled by the League as part of the settlement. Then each of you players will also be forking over 30 – 35% of any settlement funds to your individual attorneys before you even receive one dime yourselves. And that’s if you actually get approved by their process. But we already knew that.
We’ve uploaded the Declaration and Exhibit 1 to Scribd for easy viewing and to make it available for downloading and printing. You can also click the Enlarge icon in the lower right corner of the menu at the bottom of the viewing screen to go Full Screen for easier reading (just hit the ESC key to close):
And here’s Exhibit 1, detailing how the funds will be apportioned to each party directly involved with the settlement negotiations: