Rams set­tle­ment with St. Louis could be worth as much as $24 mil­lion

Lodi News-Sentinel - - SPORTS - — Nathan Fenno, Los An­ge­les Times

LOS AN­GE­LES — One of the big­gest dis­putes re­main­ing from the Rams re­lo­cat­ing to Los An­ge­les con­cluded Wed­nes­day with an agree­ment to pay as much as $24 mil­lion to fans who pur­chased per­sonal seat li­censes dur­ing the fran­chise’s two decades in St. Louis.

The deal, first re­ported by the Los An­ge­les Times last month, re­solves three class-ac­tion law­suits that were con­sol­i­dated into one U.S. Dis­trict Court case in St. Louis.

“This set­tle­ment pro­vides a sub­stan­tial ben­e­fit that matches the re­lief we sought in the law­suit,” Kevin Green, an at­tor­ney for the plain­tiffs, said in a state­ment.

The mo­tion for pre­lim­i­nary ap­proval Wed­nes­day cov­ers 46,000 PSLs first sold by FANS Inc., the tick­et­ing agent for the Rams, and later by the fran­chise. The PSLs, which al­lowed the owner to pur­chase sea­son tick­ets for Rams games at the Ed­ward Jones Dome, ran through 2024.

The set­tle­ment re­funds 30 per­cent of the PSL value since nine years re­mained on the orig­i­nal 30-year terms when NFL own­ers voted in Jan­uary 2016 to ap­prove the Rams re­turn­ing to L.A. Pay­outs will range from $75 to $1,350 per claim de­pend­ing on the PSL price tier.

If the claims ex­ceed $24 mil­lion, each pay­out will be re­duced on a pro­rated ba­sis to stay un­der the cap.

The Rams also agreed to pay $7.2 mil­lion in fees for the plain­tiffs’ at­tor­neys, if ap­proved by the court.

A Rams spokes­woman de­clined to com­ment.

The lit­i­ga­tion, which started in Fe­bru­ary 2016, has been stayed since May to al­low the par­ties to par­tic­i­pate in two me­di­a­tion ses­sions and reach the set­tle­ment.

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