Same problem. I got the emblem while my 2 friends didn't? We all have almost the same times, most solid yellow stars and a few not, all of them well within the time frames. We have since run a few again with zero luck.
Any ideas?
Our times: https://destiny.report/nightfalls?players=1/4611686018438224686,1/4611686018429789269,1/4611686018436120278
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I have the same issue, My friend got the emblem I didn't. On safe side I am re running all the legacy NF again in same class and all in 1 season to see if it drops. Do check postmaster it doesn't show inventory. let me know if your friends get it.