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Judge Dismisses Suit Over “Race-Norming” in NFL Dementia Tests

May 19, 2021

On March 8, 2021, a federal judge dismissed a lawsuit challenging “race-norming” in dementia tests that are required for retired National Football League (NFL) players. Since 2012, thousands of retired players have sued the NFLin class action suits to receive compensation related to serious medical conditions associated with repeated head trauma sustained during their playing careers. Many players have and will receive payouts from this suit in the estimated $1 billion concussion settlement. In determining the dollar amount of the payout players are entitled to receive, the NFL considers a series of factors while testing for dementia. The testing methods currently performed by the NFL include the practice of race-norming, where doctors consider an athlete’s race in determining cognitive abilities.  … More Judge Dismisses Suit Over “Race-Norming” in NFL Dementia Tests

The Future of College Sports is in the Supreme Court’s Hands

May 16, 2021

Amidst calls to allow athletes to profit off their name, image, and likeness, the National Collegiate Athletic Association (NCAA) has been fighting an even bigger threat in the Supreme Court.  In O’Bannon v. NCAA, the Ninth Circuit ruled that NCAA amateurism rules, which at the time limited athlete compensation to a full-ride scholarship, were too restrictive.  As a remedy, the Court ordered the NCAA to allow member schools to pay their athletes up to the cost of attendance, meaning an athlete on a full scholarship could also receive a monthly stipend used for rent, food, gas, phone bills, and other typical expenses to cover the cost of attending university.  … More The Future of College Sports is in the Supreme Court’s Hands

Penguins’ Owner (Signa)ling Hot New Sports Company

May 6, 2021

In the finance world, a special purpose acquisition company (SPAC) operates as a skeleton company to help raise capital to take a company public through an initial public offering (IPO).  Although SPACs have “been around for decades,” they only recently became trendy again and have taken Wall Street investors by storm.  SPACs, often termed “blank check companies,” serve no other purpose than to raise money – they have no marketable products or services.  But why use an SPAC to take your company public instead of doing it the old-fashioned way?  SPAC investors have only one objective, and a relatively tight deadline to meet that objective.  Ordinarily, SPACs must find a suitable company to acquire within two years of the IPO, or they become liquidated and have to return all investments back to the contributors, with interest.  Thus, it is in the SPAC’s own best interest to find a good deal and execute it.  Additionally, SPACs offer several advantages over traditional routes to an IPO, such as access to capital regardless of market volatility, expedited IPO timelines, and lower transaction fees. … More Penguins’ Owner (Signa)ling Hot New Sports Company