Local News

Monday May 26 , 2008


Suit To Move On Despite Convicted Fraudster's Suicide

An attorney said Monday a former hedge fund manager's suicide won't derail a lawsuit filed by six former NFL players against the league and its players union. The players are suing over $20 million they say they lost in an investment scheme.

The players' attorney Mark Kimpson said there were no plans to depose Kirk Wright or call him as a witness if the case goes to trial.

Attorneys for the NFL and its players union, the NFLPA, did not immediately respond to e-mails today seeking comment. The union has countersued the players and also named Wright as a defendant.

According to authorities, the 37-year-old Wright hanged himself in a suburban Atlanta jail on Saturday. The suicide came three days after he was convicted of leading an investment scheme that caused clients, including the former NFL players, to lose millions of dollars.