$60 Million Settlement Approved by Judge in NCAA Licensing Suit…

ncaa

“A judge granted approval a $60 million settlement of several class-action lawsuits relating to video game makers using the names, images and likenesses of college football and men’s college basketball players.

U.S. District Judge Claudia Wilken approved a $60 million payment to the players on Thursday and said that any student-athlete who wants in on the claim must file by July 31. Objectors to the settlement have 30 days to appeal once Wilken finalizes the approval.

“It’s a landmark day,” an attorney for the plaintiffs, Steve Berman said to USA Today. “It’s the first time student-athletes will get paid for use of their name, image and likeness—and we’re anxious to get the settlement funds to the students.”

More than 20,000 claims were filed by original July 2 deadline and some players will receive a maximum of $7,200, which can be handed out as early as September, depending on the pace of the appeals.”