Ex-Eagles QB's Ponzi Suit Intercepted By Arbitration Clause

Law360, Philadelphia (February 21, 2013, 4:28 PM EST) -- A Pennsylvania federal judge sent a suit by former Philadelphia Eagles quarterback A.J. Feeley and three other professional athletes who lost millions in their financial adviser's alleged Ponzi scheme to arbitration Tuesday, ruling that financial services agreements between the parties mandate binding arbitration for the dispute.

The athletes sued to recoup their losses in August, accusing SunTrust Bank Inc. of failing to properly vet the adviser's investment practices before it acquired his company in 2010.

After SunTrust, Martin Kelly Capital Management LLC and William Crafton, the...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

FEELEY et al v. SUNTRUST BANK, INC. et al


Case Number

2:12-cv-04522

Court

Pennsylvania Eastern

Nature of Suit

Other Statutes: Securities/Commodities

Judge

MARY A. MCLAUGHLIN

Date Filed

August 9, 2012

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.