Deadline for PSL Owners to File Claims is August 23, 2019.
On June24, 2019, U.S. District Judge Stephen N. Limbaugh Jr., granted final approval of the $24 million class action settlement for purchasers of personal seat licenses (PSLs) for the former St. Louis Rams football team.
During the hearing, Judge Limbaugh noted that this was a “hotly contested case” that was “resolved in a satisfactory way.”
“Nearly 50% of class members have already filed claims, and PSL holders still have two more months to file their claims,” said Kevin Green, attorney with Goldenberg Heller & Antognoli. The deadline to file claims is August 23, 2019. Claims may be filed online at www.RamsPSLClassActionSettlement.com.
What are PSL holders getting?
Payments to class members are based on 30-percent of the price paid for each PSL, which represents a full-reimbursement equivalent for the nine years remaining on the 30-year PSL contract when the Rams moved to Los Angeles after the 2015 season.
PSL Tier Price
Pay-Out for Each PSL
Who qualifies for a refund?
PSL contracts were initially sold by an entity called “Fans, Inc.” In April 1996, the Rams started selling PSLs directly. The settlement includes purchases made both through Fans, Inc. and the Rams.
If you purchased a PSL from FANS, Inc., directly from the Rams, or from another PSL holder at any time, and if you never received a written cancellation notice from the Rams before the end of the 2015 season, you are likely a class member eligible to receive a part of the settlement funds. If you transferred your PSL or received a written cancellation notice from the Rams, you may not be in the class. The settlement includes a process to verify the claim and the amount owed after a PSL holder files a claim.
What if a PSL holder stopped buying season tickets?
Individuals who bought a PSL but stopped buying season tickets may still be eligible to participate in the settlement. If you stopped buying season tickets at any time, you may still be in the class if you did not receive a written notice from the Rams cancelling your PSL.
Are there exceptions?
You may receive payment for each PSL you owned at the end of the 2015 season as long as you did not transfer that PSL to someone else or receive a written notice from the Rams terminating that PSL.
When will PSL holders receive their money?
We expect the payment to be made near the end of the year, but the exact date is a bit uncertain because of the court-approval and administrative process involved. The settlement website has more detailed information about dates and the status of the court-approval process.
Is there a timeline for how events will unfold?
A timeline of key events in the settlement process is located here.
In February 2016, Ronald McAllister filed a class action lawsuit asserting that the Rams breached the contract governing the PSLs. He argued that the contract governing the PSLs sold by FANS, Inc. required the Rams to refund a portion of the PSL purchase price after their move to Los Angeles. For original PSL holders who bought PSLs when the Rams first came to St. Louis, he sought a 30-percent refund based on the nine unused years remaining on the 30-year term.
In 2018, the court appointed McAllister as a class representative on behalf of all original purchasers of PSLs (known as the FANS Class). The court appointed as attorneys for the FANS Class Mark Goldenberg, Thomas Rosenfeld and Kevin Green of Goldenberg Heller & Antognoli, P.C.; Anthony Bruning, Anthony Bruning Jr., Ryan Bruning, and Edward Roth of The Bruning Law Firm, LLC; and Richard Cornfeld of the Law Office of Richard S. Cornfeld.
Separate lawsuits brought by individuals who purchased PSLs through the Rams beginning in April 1996 were filed by Richard Arnold, R. McNeeley Cochran, and Brad Pearlman. They argued that the contracts governing the PSLs sold by the Rams did not terminate with the Rams’ move to Los Angeles, and that the Rams breached the contract by failing to use their “best efforts” to ensure PSL holders the right to purchase tickets wherever the Rams played their home games. These PSL holders were also grouped together in a class (known as the Rams Class), which also includes PSL holders who upgraded to a higher tier seat or who received their PSL by transfer from another PSL holder.
Both the FANS Class and the Rams Class are part of the settlement.