Ex-NFLer Dodges Arbitration Over $500K Settlement Advance
Law360 (May 23, 2018, 8:32 PM EDT) -- A Pennsylvania federal judge shut down an attempt by a third-party claims funder to initiate arbitration proceedings against a former NFL player who is expected to collect $3.5 million from a settlement in multidistrict litigation over brain injuries, ruling that the settlement agreement voided all third-party funding agreements.
U.S. District Judge Anita B. Brody ruled that former NFL player William White could not be forced to arbitrate the question of whether he needed to repay the $500,000 he received from Thrivest Specialty Funding LLC, which had been deemed invalid by the claims administrator.
"The only way to prevent breach of the...
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