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Lawyers representing student-athletes in the $2.7 billion NCAA settlement have raised concerns about third-party companies misleading athletes into believing they need to hire outside services to secure their share of the settlement. In a court filing, it was noted that several companies, including Profound Sports, have been offering claims-filing services to profit from the settlement. Luis Davila, founder of Profound Sports, acknowledged that some companies are preying on athletes but denied that his company is involved in such practices.
Student athletes are being misled to believe they must hire outside services to secure their share of NCAA's $2.7 bln settlement, plaintiffs' lawyers said. The deal resolves cases that claimed NCAA rules barring payments to athletes violated antitrust law https://t.co/asnxV5plfe https://t.co/HjXNeFcaOp
“The jury awarded Penn State $28,000 in damages, but the verdict’s real value is in a judicial finding that infringement occurred. That finding upholds a longstanding relationship between trademark law and college sports merchandise.” https://t.co/NlIDUZFTV1
NEW: Several companies have sent “misleading” info to college athletes eligible to receive damage payments in the House v. NCAA settlement in an attempt to make money off them, according to a court filing. @achristovichh's story ⬇️
