The three-justice panel heard more arguments in St. Louis yesterday, but when the session ended, there was more uncertainty in the air then when it started.
The owners are declaring their lockout is legal, and possess valid justification in locking out the players in any labor dispute. The players are standing their ground stating the union does not exist and therefore cannot engage in any collective bargaining process.
The reason why the union no longer exists is because they decertified on March 11th in order to attack the NFL's anti-trust exemption via lawsuit (Brady et al vs NFL).
The panel will rule in 2-6 weeks on the legality of the lockout, the lawsuit and perhaps even the anti-trust exemption. Justice Kermit Bye openly stated that neither side would be pleased with the decision.
He urged them to settle the dispute through negotiation.