Case ID: f-appx_699/html/0446-01.html
Source: Caselaw Access Project
Author: {"author": "PER CURIAM: \n    ", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Roger CONNELL; Richard Ashcroft, Plaintiffs-Appellants v. WELLS FARGO & COMPANY; Wells Fargo Advisors, L.L.C.; Does 1-50, Defendants-Appellees
    No. 16-20679
    United States Court of Appeals, Fifth Circuit.
    Filed November 2, 2017
    Thomas R. Ajamie, John Saul Edwards, Jr., Esq., David Schiff Siegel, Ajamie, L.L.P., Houston, TX, Michael Todd Slobin, Principal Litigation Counsel, Shellist La-zarz Slobin, L.L.P., Houston, TX, for Plaintiffs-Appellants
    Scott Robert McLaughlin, Jackson Walker, L.L.P., Houston, TX, Sean Daniel Jordan, Jackson Walker, L.L.P., Austin, TX, for Defendants-Appellees
    Before DAVIS, GRAVES, and COSTA, Circuit Judges.
   PER CURIAM:

Roger Connell and Richard Ashcroft appeal the district court’s dismissal of their diversity action against Wells Fargo based on a forfeiture provision of a deferred compensation plan. The action was dismissed under Rule 12(b)(6) for “failure to state a claim upon which relief can be granted” on the basis that the plan contained a North Carolina choice-of-law provision which allowed forfeiture under the terms to which the parties agreed. See Fed. R. Civ. P. 12(b)(6). The district court granted the dismissal with prejudice, finding that the parties’ choice of North Carolina law governed and that the forfeiture provision is valid and enforceable. This court has considered this appeal on the basis of the briefs,.the record, and oral argument. Having done so, we conclude that the matter should be affirmed, essentially for the reasons stated by the district court. Because the district court did not err, we AFFIRM. All outstanding motions are DENIED. 
      
       Pursuant to 5th Cir. R. 47.5, the court has determined that this opinion should not be published and is not precedent except under the limited circumstances set forth in 5th Cir. R. 47.5.4.