Bankruptcy

New York Times Article On Kirk Wright Suicide And Continuing Litigation Involving NFL Players And Union

By Scott Riddle

By Scott B. Riddle. Esq.

The New York Times has an article about the recent suicide of Kirk Wright (discussed in this post). See Hedge Fund Manager's Death Does Not Halt Suit Against N.F.L. and Players Union by Mike Tierney.

Six former players, including the star defensive backs Steve Atwater and Blaine Bishop, are involved in a two-year-old civil suit against the Players Association and the N.F.L. The lawsuit accuses the union of improperly allowing Wright onto a list of financial advisers provided to members, even though liens had been filed against Wright.

The union, seeking to have the suit dismissed, says that all of its registered financial advisers undergo annual background checks that were developed in conjunction with the Securities and Exchange Commission. The list also includes a disclaimer, indicating that the advisers are neither endorsed nor recommended.

The article also includes a picture of auctioneer Scott Schwartz of Auction Management Corporation and items auctioned through the pending bankruptcy case of Wright's company, International Management Associates.

Full post as published by Georgia Bankruptcy Blog on June 03, 2008 (boomark / email).