St. Louis officials sought $1 billion in damages after the Rams moved to Los Angeles in 2016.
to have the case tried elsewhere in Missouri instead of the team's former home of St. Louis.
The NFL also risked sensitive documents about NFL owners' finances becoming public if the case reached trial. St. Louis Circuit Judge Christopher McGraugh, who handled the case, issued a roughly $44,000 fine to four NFL owners for failure to turn over the financial documents last October. Another hearing on the matter was also scheduled in December.
The suit also claims the County of St. Louis also lost hotel, property and sales tax revenue after the Rams relocated. The impact on the state totals more than $15 million, according to the suit, which used figures from the Missouri Department of Economic Development. Hence, settling before then was a "smart move," sports attorney Irwin Kishner told CNBC on Wednesday.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NFL and Rams agree to $800 million settlement with St. Louis over relocationThe NFL and Rams owner Stan Kroenke avoided the spectacle of a trial by reaching an $800 million settlement with St. Louis over the team's relocation.
Read more »
Former St. Louis cop sentenced to year and a day in beating of undercover colleague during protestA former St. Louis police officer was sentenced to a year and day in prison Monday for his involvement in the pummeling of an undercover cop during a violent 2017 protest and for trying to cover it up, authorities said.
Read more »
NFL and Rams agree to $800 million settlement with St. Louis over relocationThe NFL and Rams owner Stan Kroenke avoided the spectacle of a trial by reaching an $800 million settlement with St. Louis over the team's relocation.
Read more »
Justice Department settles with Parkland victims' parents in lawsuit over FBI negligence in school shooting
Read more »
US COVID-19 infections rise as Americans prepare for ThanksgivingThe U.S. is reporting an average of more than 93,000 new COVID-19 cases each day.
Read more »
Credenhill school 'circuit break' tackle Covid case riseThe Herefordshire primary school says it has had a significant increase in cases.
Read more »