Rams Officially Reach Settlement In St. Louis PSL Lawsuits
The Rams yesterday officially reached an "agreement to pay as much as" $24M to fans who purchased PSLs during the franchise’s two decades in St. Louis. The deal "resolves three class-action lawsuits that were consolidated into one U.S. District Court case in St. Louis." The motion for preliminary approval "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 '24. The settlement "refunds 30% of the PSL value since nine years remained on the original 30-year terms when NFL owners voted" in January '16 to approve the Rams returning to L.A. Payouts will "range from $75 to $1,350 per claim depending on the PSL price tier" (L.A. TIMES, 12/6).