Concussions, CTE, & Closure

Silver Football and NFL Logo On Top of a Green Field, by flickr user C_osett, licensed by Creative Commons.

For the love of the game

The family of Junior Seau has reached settlement with the National Football League over his 2012 suicide. The Hall of Fame linebacker, who played more than half of his 20 year football career with the San Diego Chargers, took his own life at the age of 43. He was later diagnosed with CTE, a chronic form of brain damage, likely brought on by his violent on-field tackling in the NFL. Reports claim that Seau’s family will receive up to $4m in the wrongful death settlement, which was filed in a Philadelphia PA federal court. The NFL has come under fire over the last few years as more and more retired and former players are showing signs of brain damage, concussions, and dementia. Read more

Settlement: SEC Smells Musk

"Stack Of Cash",Licensed Creative Commons, Klickr User kenteegardin, 2011

Pay up

Tesla CEO Elon Musk’s settlement with the SEC has been approved by a judge. The South African businessman and investor was accused of fraud after tweeting that he had secured funding to take his auto-maker, Tesla, private.Musk will have to pay a hefty $20m fine and is being forced to step down as chairman within the next 6 weeks. The charges against Musk were filed by the SEC in the early fall, shortly after Musk allegedly rejected a potential settlement offer. Tesla stock plummeted around 40 points after his “secure funding” tweet. Musk, often boisterous and grandiose in his ideas, designs, and persona, is no stranger to trouble after he was shown smoking weed in a live broadcast.  Read more

From Pirate to Plaintiff

Johnny Can’t Deppend on Anyone to Handle His Money

Johnny Depp has agreed to settle a lawsuit, in which he accused his former business managers of negligence and dabbling in fraudulent activities with his money.  The amount of money Depp was looking to recover was $25 million.  Depp played the role of victim, claiming the firm did not uphold their fiduciary duties to him.  He blamed Joel and Robert Mandel of the Management Company, who managed Depp’s affairs for 17 years, for issuing loans to outside entities without Depp’s knowledge, and investing the actor’s money in opportunities for which the managers could also claim stake.  Depp also accused the Management Group of failing to file his taxes in a timely manner.  Despite these accusations, Joel and Robert Mandel filed counterclaims in the lawsuit. Read more

General Motors Switching to a Safer Future

The long road to a settlement

The General Motors defect lawsuit, which was initiated four years ago, is reaching an inevitable settlement with the assistance of the General Unsecured Creditors Trust. The independent trust is handling the company’s bankruptcy, filed in 2009, and is now facilitating the settlement with GM customers. The automotive company exhibited deceptive tactics to hide flaws in the ignition switch and side airbags. There was a direct correlation between the defects and the many claims of car crashes and deaths. Currently, the parties involved in the lawsuit are calculating a resolution. Read more

United We Stand, Divided We Settle

A long legal battle ends in a truce

The 5-year legal dispute between a former Minnesota Governor and the deceased American Sniper has finally settled.  Following the publication of Chris Kyle’s autobiography, in 2012, Jesse Ventura filed a lawsuit against Kyle. Even after Kyle’s unfortunate passing in 2013, Ventura continued his legal pursuit against Kyle’s estate. Ventura argues that a particular passage in Kyle’s book is defamatory, and damaged his reputation within the Navy SEAL community. Read more