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SECAUCUS, NJ, July 16, 2014 /24-7PressRelease/ -- Atlas Legal Funding (www.atlaslegalfunding.com), a legal funding company that provides non-recourse funding to personal injury plaintiffs, today announced pre- and post-lawsuit settlement advances for National Football League (NFL) players. This announcement comes after a federal judge granted preliminary approval to a landmark settlement agreement between the NFL and thousands of former NFL players for concussion-related claims.
More than 4,500 former players have filed suit for concussion-related injuries, including big name gridiron stars including former Dallas Cowboys and Hall of Fame running back Tony Dorsett and Chicago Bears Super Bowl champion quarterback Jim McMahon. Both former players have had serious complications from head injuries suffered while playing in the NFL.
Sol Weiss and Christopher Seeger, attorneys for the former NFL players said, "This is an extraordinary settlement for retired NFL players and their families... from those who suffer with neuro-cognitive illness today, to those who are currently healthy but fear they may develop symptoms decades into the future."
The settlement agreement comes as good news for retired NFL players who have been struggling to get by both physically and financially due to their concussion-related illnesses. This is the second attempt at a settlement between the NFL and the former players who have filed claims. This time the NFL agreed to remove a $675 million cap on the damages they would have to pay after the judge found that amount insufficient to cover all damages.
"Million-dollar-plus salaries in the NFL players receive were not always the case," said Jeff Kahn, Managing Partner of Atlas Legal Funding. "When you factor in the reduced mental capacity and the illnesses associated with long term post-concussion syndrome, many former players have trouble earning an income and coming up with the money to pay for everyday life needs."
Atlas Legal Funding can help bridge the gap between today and when players get paid after the legal settlement is finalized. Atlas Legal Funding will advance settlement payments to players who are plaintiffs in the NFL Concussion Settlement. There is no cost for applying and no out-of-pocket expenses. We will work with your attorney and funds can be provided in as little as 48 hours from submitting an application.
If you are a retired NFL player who has filed a claim against the NFL as part of the NFL Concussion Lawsuit Settlement and are in need of immediate funds while you wait for the settlement funds to arrive, contact Atlas Legal Funding at 1-877-635-4037 or visit our website www.atlaslegalfunding.com to submit an online application.
About Atlas Legal Funding
Atlas Legal Funding is a provider of non-recourse funding to personal injury victims and plaintiffs. Personal injury victims and plaintiffs who are in litigation for months or even years are susceptible to the possibilities of long term debt or even eviction and foreclosure. Even after a lawsuit is finally settled, it will likely take some time before the actual settlement is received. We have developed a free and simple process to take the financial weight off of your shoulders by providing you with cash within 48 hours. Minimal documentation from your attorney is required and the application and review can be completed in hours.
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