{"id":4906,"date":"2006-08-22T00:00:00","date_gmt":"2006-08-22T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"nfl-seeks-dismissal-of-hedge-fund-suit","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/08\/2006\/nfl-seeks-dismissal-of-hedge-fund-suit.html","title":{"rendered":"NFL Seeks Dismissal of Hedge Fund Suit"},"content":{"rendered":"<p>  <span class=\"mainarttxt\">Forbes &#8211; The NFL and its union say a lawsuit filed by six current and former players seeking to recoup $20 million they lost in an alleged fraud scheme should be dismissed,  arguing in part that league players are solely responsible for their own finances.<\/span><\/p>\n<p>  <span class=\"mainarttxt\">The league and players association filed papers Friday in federal court in Atlanta seeking to dismiss the lawsuit, which was initially filed in June.<\/span><\/p>\n<p>  <span class=\"mainarttxt\">Lawyers for the NFL wrote that the players&#8217; collective bargaining agreement &#8220;established that players shall bear all responsibility for their personal finances.&#8221; They also  said that the agreement requires arbitration, not litigation, of disputes such as the ones raised in the lawsuit.<\/span><\/p>\n<p>  <span class=\"mainarttxt\">&#8220;That agreement provides an exclusive remedy &#8211; arbitration &#8211; for any and all claims, such as those presented here, that involve interpretation or application of any element  of the agreement,&#8221; league attorneys Gregg Levy and Earl Gunn wrote.<\/span><\/p>\n<p>  <a href=  \"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/1-0&amp;fd=R&amp;url=http:\/\/www.forbes.com\/business\/manufacturing\/feeds\/ap\/2006\/08\/21\/ap2963490.html&amp;cid=1108961203&amp;ei=1bbqRNC8MYWKpAK1oNGsCg\">  Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; The NFL and its union say a lawsuit filed by six current and former players seeking to recoup $20 million they lost in an alleged fraud scheme should be dismissed, arguing in part that league players are solely [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4906","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4906"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4906\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}