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Money Expert Tapped For $765M NFL Concussion Case

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(File photo.  Credit: Thinkstock)

(File photo. Credit: Thinkstock)

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PHILADELPHIA (AP) — A judge overseeing the NFL concussion litigation has appointed a financial expert to advise her on the proposed $765 million settlement.

Perry Golkin, co-founder of Public Pension Capital Management in New York, will be a special master.

The NFL and retired players announced a deal in August that would cover 19,000 retired players.

Senior U.S. District Judge Anita Brody in Philadelphia must now weigh the proposed terms at a fairness hearing.

Awards would reach $5 million for athletes with Lou Gehrig’s disease or $3 million for dementia cases, and include medical testing.

In a joint statement, the two sides welcomed Golkin’s appointment Monday and hoped for prompt approval of the settlement.

Golkin, a longtime Kohlberg, Kravis, Roberts & Co. executive, holds business and law degrees from the University of Pennsylvania.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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