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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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On Thursday, July 29th, the Circuit Court in San Francisco under Judge Alsup issued a decision on how to distribute the remaining funds that are still owed to the 2,062 retired players who were part of the Players Inc. GLA lawsuit. The first checks had gone out earlier this year and the second checks were scheduled to be sent out by the end of July but it was pointed out that there were still around 200 players who have not been located from the original list. The earlier plan was to pro-rate the remaining funds and simply add the money to the second checks. However, an extension was added in February to give some of the missing players more time to get their names and contact information in to the people administering the fund. 25 – 30 more players did manage to sign up to receive their first checks and there were still 200+ players who still haven’t signed in at this time.
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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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RobertinSeattle |
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