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Whew! It looks like the end is finally in sight. This past Tuesday, Oct. 12th, Judge Alsup signed the official order to release the remaining proceeds from the GLA Players Inc. lawsuit, along with an amended order allowing McKool Smith to be reimbursed for their inadvertent partial payment of a Garden City Group invoice. Here’s a little shocker from the final order: 76 of the 200+ missing players were actually located using Social Security information and forms were sent to them to fill out and return in the court-ordered 4-week window. But only 32 of those players managed to return their paperwork before the deadline while three other “missing” players contacted the class attorneys on their own in the meantime. So they’ll also be included in the final disbursement. And two widows of players who passed away while all of this was going on will also be included in the final payout.
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Those second GLA Players Inc. settlement checks have been near the top of everyone’s question list and we’ve been getting a lot of e-mails and calls about the latest news.
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Wow! Is it just us or did January whiz right by and now we’re already heading into February and the Superbowl? Here’s a roundup of some items to close off the month.
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This past Friday, Dave received the first of his two Players Inc. GLA Settlement checks. And we’re now starting to hear from a few other players like Irv Cross and Council Rudolph who have also received their checks over the weekend. Looks like they’re trying to send the checks out as the paperwork comes in.
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THIS JUST CONFIRMED:
After months of after-trial wrangling behind the scenes and a scathing letter from Judge Alsup, it looks like we’re now at the final stages of seeing those checks in the mail. But unfortunately not until late February 2010. We just got off the phone with the folks over at Garden City Group in Seattle and they’ve informed us that everyone who was listed in the GLA List should be receiving a letter in the next week or so with details on finalizing your claim (click HERE to go to an earlier post to confirm if your name is on that list and to read Judge Alsup’s final remarks). You’ll need to provide them basic information such as confirming your contact information, as well as providing taxpayer information (Social Security Number etc.). As an added precaution, you might consider mailing your paperwork via USPS Certified Mail with a return receipt so you know they received your paperwork on time. And making a photocopy of the paperwork for your files might not be a bad idea either.
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After what seems like an eternity, Manett Phelps & Phillips and McKool Smith filed Motions in the Parrish, Adderley, Roberts vs. the NFLPA/Players Inc. class action lawsuit late last week for final review and court approval on August 20, 2009 by Judge Alsup. The documents just became available online so we’ve loaded them up on DocStoc once again for easier viewing and searching. The main part of the Motion outlines the basics of the case and subsequent settlement. The Exhibits outline the payment plan and schedules with the first payment scheduled for July 13, 2009 (they’ll miss that one!) and the second set for June 5, 2010.
It’s always interesting digging into the details: Turns out the settlement will be managed and distributed by Garden City Group which just happens to be right here in Seattle. Half of the funds (around $13 million) were placed into escrow on July 13th, the day this Motion was apparently filed. And then barring no problems, the balance will be placed into escrow on June 5, 2010 for distribution shortly after that. Another interesting detail from Page 7 of Exhibit 1: Players who elected to Opt-Out John Baker, Richard Yelvington, Lynn Chandnois, John Demarie, Dan Goich, Daniel Direnzo, James “Scottie” Graham, Deacon Jones, Steve Largent, Brig Owens, Ben Pucci, Donald Testerman and Andre Collins were all excluded from suit.
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