FRAUD ALERT: Date: December 11, 2017
NFLPA Security File: 17-I-025B
Reference is made to the previous “NFLPA Fraud Alert”, dated February 08, 2017, regarding the NFL Players Concussion Settlement Advance Fee Settlement Fraud Scheme Involving RD Legal Funding LLC; RD Legal Finance LLC; RD Legal Funding Partners LP and Roni Dersovitz, Principal. This Fraud Alert announced the Consumer Financial Protection Bureau (CFPB) and the New York State Attorney General filed a joint law suit against RD Legal Funding and Dersovitz.
The CFPB alleged RD Legal conned NFL concussion victims and others with brain injuries out of millions of dollars by luring them into costly advances on settlement payouts with lies about terms of the deals. The Fraud Alert can be viewed at the following link: https://nflpaweb.blob.core.windows.net/media/Default/Former%20Players/PDF %20Links/Fraud_Alert.RD_Legal_Funding_LLC.pdf
On Friday, December 08, 2017, a Federal Court ruling was issued by in the United States District Court for the Eastern District of Pennsylvania, by Judge Anita B. Brody, Case 2:12-md-02323-AB. The court referenced the CFPB and the New York Attorney General’s suit against RD Legal. The court ruled:
“Class Members are prohibited from assigning or attempting to sign monetary claims, and any such purported assignment is void, invalid and no force effect. Furthermore, the Settlement Agreement instructs that the Claims Administrator shall not recognize any such action taken by a Settlement Class Member. Thus, Class members simply cannot enter into a binding agreement that assigns or attempts to assign their claims….”
This ruling may affect thousands of former NFL Players. A complete copy of this ruling can be viewed at the following link: https://nflpaweb.blob.core.windows.net/media/Default/Former%20Players/PDF %20Links/US_Court_Ruling.NFL_Players_Concussion_Injury_Litigation.Brody.pdf Former Players who may be impacted by this decision may direct questions or inquiries with the NFL Concussion Settlement Claims Administrator: Email: [email protected]
Phone: 1-855-887-3485 US Mail: PO Box 25369, Richmond, VA 23260 Tim Christine, NFLPA Security.