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Published on May 30, 2014
Hagens Berman attorneys representing student-athletes who claim that the NCAA illegally used student-athletes' names, images and likenesses in Electronic Arts' (NASDAQ:EA) popular NCAA Football, Basketball and March Madness video game series today announced they have reached a preliminary settlement with the NCAA that would add $20 million to the $40 million settlement reached recently with Electronic Arts (EA).
This is the first time the NCAA has agreed to a settlement that pays student-athletes for acts related to their participation in athletics.
According to Steve Berman, managing partner of Hagens Berman and lead attorney in the Keller v. NCAA, et al. litigation, the settlement is significant not only for its contribution to the student-athlete settlement fund, but for the precedent it sets. The Keller case was scheduled for trial in March 2015 in federal court in California.