Tag: Settlement

News
May 29, 2024
The NCAA has recently announced an agreement to pay nearly $2.8 billion to settle numerous antitrust claims. This plan includes compensating thousands of former and current college athletes who allege that now-defunct NCAA rules prevented them from earning endorsement money. Additionally, the plan establishes a first-of-its-kind revenue-sharing system for college athletes, allowing schools to allocate up to $21 million per year to be paid directly to athletes, starting as early as fall 2025.
News
December 6, 2023
The federal district court in California recently granted final approval for a $3 million settlement in a wage dispute brought by Redfin real estate agents. The lawsuit, known as Bell v. Redfin Corp., involved allegations that Redfin misclassified agents as independent contractors and failed to pay proper wages, overtime, and premiums.
Resources
September 22, 2022
Under the California Code of Civil Procedure (the “CCP”), a statutory offer to compromise (codified as the CCP section 998 offer) allows for either the plaintiff or defendant to propose a reasonable, good faith offer of settlement. A 998 offer (the “offer”) is beneficial to both parties as it saves time, money, and resources. It shortens the time of the legal process and gives the other party a financial incentive to resolve matters with ease.