11th Circ. Favors NFL, Union In Suit Over $20M Ponzi

Law360, New York (November 24, 2010, 4:17 PM EST) -- A federal appeals court has ruled in favor of the National Football League and its players union in a lawsuit filed by six former players who wanted to hold the entities liable for the $20 million they lost in a Ponzi scheme run by hedge fund manager Kirk Wright.


In an order Tuesday, a three-judge panel of the U.S. Court of Appeals for the Eleventh Circuit agreed with a lower court’s determination that the league’s collective bargaining agreement barred the state law claims asserted in...
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