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UMBRELLA INV. GROUP v. WOLTERS KLUWER FIN. SERV.

No. 20-30078 Summary Calendar.

972 F.3d 710 (2020)

UMBRELLA INVESTMENT GROUP, L.L.C.; Lawrence Q. Robertson; Micco D. Johnson; Jarmarritt Alexis; Eugene Pierre Steib; Valvenia R. Joseph; Leonard Robertson, III; Gregory Williams; Detrell Edmonds, Plaintiffs-Appellants, v. WOLTERS KLUWER FINANCIAL SERVICES, INCORPORATED, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

FILED August 25, 2020.

Attorney(s) appearing for the Case

Nelson Dan Taylor, Sr., Esq. , Chief Counsel, Baton Rouge, LA, for Plaintiffs-Appellants.

Eric J. Simonson, Esq. , Hinshaw & Culbertson, L.L.P., New Orleans, LA, for Defendant-Appellee.

Before Jolly, Jones, and Southwick, Circuit Judges.

Umbrella Investment Group, L.L.C., and certain of its board members (collectively, "UIG") appeal the dismissal of their complaint for failure to state a claim, contending that UIG has stated claims for fraud and detrimental reliance. We disagree and thus AFFIRM the district court's judgment.

In November 2014, Umbrella Investment Group...

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