With class-action settlement, Rams’ PSL holders can get some of their money back
Editor’s note: On Feb. 4, the the former St. Louis Rams football team announced they were pushing back the launch date for the settlement website to Feb. 16. This story has been changed to reflect that.
A court has ruled in favor of Rams football personal seat license (PSL) holders, allowing them to file claims for refunds since the team moved from St. Louis to Los Angeles.
A judge preliminarily approved the $24 million class action settlement for PSL holders for the former team, a news release from attorney Kevin Green stated on Thursday.
In February 2016, Ronald McAllister filed a lawsuit against the football team, saying that they breached the contract governing the PSLs, since there were nine unused years remaining on the contract’s 30-year term when the team left after the 2015 season.
Frankel said in the release that the court’s order established a settlement website, which goes live on Feb. 16, for PSL holders to file claims, procedures for notice of the settlement to be sent to class members and a deadline for making claims to participate in the settlement. The deadline is Aug. 23, 2019.
Payments to class members are based on 30-percent of the price paid for each PSL.
PSL Tier Price | Pay-Out for Qualified Claim |
$250 | $75 |
$500 | $150 |
$1,000 | $300 |
$2,500 | $750 |
$3,000 | $900 |
$4,500 | $1,350 |
PSL contracts were initially sold by an entity called “Fans, Inc.” In April 1996, the Rams started selling PSLs directly. According to the release, the settlement includes purchases made both through Fans, Inc. and the Rams.
Those who transferred their PSL or received a written cancellation notice from the Rams are not eligible for the settlement the release stated. The settlement includes a process to verify the claim.
The $24 million settlement is divided evenly between people who purchased from Fans, Inc. and those who purchased from the Rams, the release stated. The total is capped at $12 million.
It is unclear when PSL holders will receive their money after filing a claim, as there is a court-approval process involved, which could take months, the release stated.
The release provided a timeline of relevant deadlines for the settlement process:
Action | Date |
The Court issues its Preliminary Approval Order | January 24, 2019 |
The Settlement Website goes live at www.ramspslclassactionsettlement.com | February 16, 2019 |
The first of 3 consecutive weekly Publication Notices is printed in the Sunday edition of the St. Louis Post Dispatch | February 17, 2019 |
E-mail and Postcard Notice of the Settlement is sent out to Class members | February 18, 2019 |
Deadline for Class members to opt-out of the Settlement or object to its terms | April 9, 2019 |
The Court conducts a Final Approval Hearing to rule on objections to the settlement and determine whether the settlement should be approved as fair and reasonable | June 24, 2019 |
Deadline to file a claim | August 23, 2019 |
The Court issues its Final Approval Order | To be determined by the Court |
The “Effective Date” of the Settlement Agreement | 30 days after the Court issues Final Approval Order or The day any appeals by objectors are dismissed |
The Claims Administrator provides counsel a list of all claims qualifying for payment | 160 days after the Court issues Final Approval Order |
Payment of Qualifying Claims | Within 30 days of delivery of list of all qualifying claims (if no appeals by objectors are filed) or Within 30 days after the Effective Date (if appeals are filed by objectors |
This story was originally published January 24, 2019 at 3:47 PM.
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