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Summary of PSL Owners Class Action Settlement with Rams

The St. Louis Rams and individuals who purchased personal license seats, or PSLs,

entitling them to buy season tickets to St. Louis Rams football games have reached a deal to

resolve a class action lawsuit. The PSLs were initially sold by an entity called “Fans, Inc.” until

April 1996, when the Rams started selling them. The PSLs were sold at face values of $250,

$500, $1,000, $2,500, $3,000, and $4,500 per PSL depending on the location of the seat.

The PSL contracts extended the right to buy season tickets through 2024 (a 30-year term

for those who bought PSLs when the Rams came here in 1995). When the Rams left for Los

Angeles after the 2015 season, however, they neither offered nor provided any compensation to

their PSL owners, no refund for the unused years nor any right to use the PSLs to buy tickets in

the team’s new home.

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 owners who bought PSLs when the Rams first came to St.

Louis, he sought a 30% refund based on the 9 unused years remaining on the 30-year term.

Separate lawsuits brought by people who purchased PSLs 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.

In 2018, the Court appointed McAllister as a class representative on behalf of all original

purchasers of PSLs—those who purchased their PSL before April 1996, and who had not
transferred or upgraded the PSL or received a cancellation notice from the Rams by the end of

the 2015 season (known as the FANS Class). McAllister was represented by, and the Court

appointed as attorneys for the FANS Class: Anthony Bruning, Anthony Bruning Jr., Ryan

Bruning, and Eddie Roth of The Bruning Law Firm, LLC; Mark Goldenberg, Thomas Rosenfeld,

and Kevin Green of Goldenberg Heller & Antognoli, P.C.; and Richard Cornfeld of the Law

Office of Richard S. Cornfeld.

The Court appointed Arnold, Cochran, and Pearlman as class representatives on behalf of

individuals who either purchased their PSL from the Rams beginning in April 1996, had a PSL

transferred to them, or upgraded their PSL, and who had not received a cancellation notice from

the Rams by the end of the 2015 season (known as the Rams Class). The Court appointed as

counsel for the Rams Class: Fernando Bermudez of Bermudez Law STL, LLC; Martin Green of

the Law Office of Martin M. Green, P.C.; and David Bohm of Dana McKitrick, P.C.

The settlement provides the same terms for all PSL owners—a refund of 30% of the price

paid for each PSL, as shown in the following chart:

Pay-Out for
PSL Tier
Qualified
Price
Claim
$250 $75
$500 $150
$1,000 $300
$2,500 $750
$3,000 $900
$4,500 $1,350

Under the settlement agreement, and subject to Court approval, the class members to

receive payment will need to file a claim, either by mail or online at the settlement website

www.RamsPSLClassActionSettlement.com. The deadline to file a claim will be set by the court.

There is a process in place to verify the claim and the amount owed, and if the total number of
claims exceeds $24,000,000 (divided evenly among the FANS Class and Rams Class), then the

amount paid may be reduced on a pro rata basis.

The settlement is subject to formal review and approval by the Court, which process will

occur over the next several months.