Electronic Arts Inc. (EA:US) agreed to pay $40 million to settle a lawsuit by former college athletes over use of their images in video games, according to an attorney for the plaintiffs.
The parties will submit the proposed settlement to the judge within 30 days, Michael Hausfeld, an attorney for the plaintiffs, said today in a telephone interview.
The athletes will be required to submit claims to partake in the settlement, Hausfeld said. The criteria that will be used to determine their proceeds, such as the number of games they’re depicted in, are still to be worked out, he said.
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