​In re NCAA Classes Settle for $208.6 Million

The court granted final approval over a class action settlement in the amount of $208.6 million because success on the merits was uncertain and continuing litigation was risky, complex, and expensive. “Plaintiffs believe the classes’ claims are meritorious claims but realize there are risks generally in litigation and specifically with respect to the Ninth Circuit’s ruling in O’Bannon v. Nat’l Collegiate Athletic Ass’n, 802 F.3d 1049 (9th Cir. 2015), which defendants vigorously advocate could present some limitation to the case. . . . [Further, the] classes are not certified (other than provisionally for settlement purposes only), and significant obstacles to victory remain on the merits even if the classes were certified. The Settlement Agreement brings significant relief to the classes despite this ongoing risk. . . . If the Settlement Agreement were not approved, plaintiffs would need to renew their motion for class certification of the damages classes. If the motion were denied, the putative class members would recover nothing.”

In re: National Collegiate Athletic Association Athletic Grant-In-Aid Cap Antitrust Litigation, 4-14-md-02541 (CAND 2017-12-06, Order) (Claudia Wilken)

2017-12-08T13:05:05+00:00December 8th, 2017|Antitrust, Docket Report|