US: $208m Settlement approved by court in NCAA antitrust case

Today, a California federal judge granted preliminary approval of a $208 million settlement in a lawsuit filed by student-athletes against the National Collegiate Athletic Association alleging that it violated national laws in unlawfully capping the value of athletic scholarships or Grants-in-Aid, according to Hagens Berman.

Under the court’s preliminary approval of the settlement, Hagens Berman can begin mailing notice to class members starting late July 2017.

“For years, we’ve fought on behalf of tens of thousands of student-athletes who simply haven’t been given a fair shake,” said Steve Berman, managing partner of Hagens Berman and attorney representing the class of student-athletes. “We’re grateful to the court for preliminarily approving this monumental settlement that will bring real change to the way the NCAA treats Division 1 players, and grateful to the players themselves for stepping up to the plate.”

The settlement affects approximately 40,000 Division I collegiate athletes who played men’s or women’s basketball, or FBS (Football Bowl Subdivision) football between Mar. 5, 2010 and the date of preliminary approval of the settlement.

Full Content: Business Wire

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