NCAA successfully appeal $42 million fee bond in O’Bannon case

Published 24 May 2016 By: Joseph M. Hanna

NCAA successfully appeal $42 million fee bond in O’Bannon case

On Friday, May 20, 2016, California U.S. District Judge Claudia Wilken ruled in favour of the NCAA’s fee bond appeal, granting the organization’s request to not post bond while it appeals the O’Bannon decision. The NCAA filed the fee bond appeal1 in the Ninth Circuit Court on May 10, 2016, arguing that it was unnecessary to reserve more than $42 million in attorneys’ fees and costs associated with the O’Bannon case.

The NCAA claimed that the fee bond would place undue detriment on the organization, which uses about “90 cents of every dollar2 for student-athlete support. Attorneys for the players in the suit asserted that the NCAA opposed the fee bond in order to invest and profit off the funds, while the NCAA maintained that all organization funds are used to support student-athletes, which is the intended use of NCAA finances.

 

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Joseph M. Hanna

Joseph M. Hanna

Joseph Hanna is a partner of Goldberg Segalla and concentrates his practice in commercial litigation with a focus on sports and entertainment law and retail, hospitality, and development litigation. Joe represents sports franchises, professional athletes, and movie studios with various issues related to licensing, contracts, and day-to-day management. He serves as Chair of Goldberg Segalla’s Sports and Entertainment Law Practice Group and editor of the firm’s Sports and Entertainment Law Insider blog. In addition, Joe is the Chair of Goldberg Segalla's Diversity Task Force. He possesses an AV rating from Martindale-Hubbell.
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