UPDATE 2-NCAA to settle head injury suit with $70 million fund

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UPDATE 2-NCAA to settle head injury suit with $70 million fund

(Corrects amount of NFL settlement) By Mary Wisniewski CHICAGO, July 29 (Reuters) - The NCAA has agreed to settle a head injury lawsuit by providing $70 million for concussion testing and diagnosis of current and former student athletes in a move expected to change the way such injuries are handled at colleges nationwide, according to court documents filed on Tuesday. The class-action agreement, if approved by a federal judge and class members, applies to student athletes in all sports who have played at schools regulated by the National Collegiate Athletic Association at any time in the past until 50 years in the future. The settlement does not include bodily injury claims, which plaintiff's attorney Steve Berman said should be handled on an individual basis. He said the settlement is aimed at protecting student athletes on the field.

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