- Associated Press - Tuesday, November 23, 2010

ATLANTA (AP) - A federal appeals court sided with the NFL and its players union in a lawsuit filed by six former NFL players who claim they lost $20 million in an investment scheme.

The 11th Circuit Court of Appeals rejected an appeal Tuesday by the players that sought to overturn a district judge’s ruling against them.

The lawsuit claims the union endorsed Kirk Wright’s services even though he had liens against him. But the NFL countered that it can’t be held liable because under the league’s collective bargaining agreement players are solely responsible for their own finances.

Wright hanged himself in a suburban Atlanta jail in May 2008, days after he was convicted of leading an investment scheme that cost his clients millions of dollars.