NCAA

July 17th, 2019 | by CollegeAD
NCAA
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A long-awaited payout to current and former NCAA Division 1 college-athletes has arrived, as a sole objector to a $208 million class-action settlement missed the deadline to appeal the case to the Supreme Court, according to law firm representing the class of college-athletes, Hagens Berman. Attorneys say distribution of the settlement funds will begin in August. The range of average distribution for class members who played his or her sport for four years is currently estimated to be approximately $5,000 to $7,500. Distribution of the settlement proceeds was held up pending resolution of the Ninth Circuit appeal of Darrin Duncan, the only person out of 53,748 class members to object to the deal. Attorneys for the plaintiffs ensured that settlement funds did accrue interest while in escrow. As of May 1, 2019, the total interest earned since inception of the NCAA GIA escrow account was more than $1.3 million. –hbsslaw. Read More.

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