Saints suing former teammate over investment
NEW ORLEANS — Former New Orleans Saints player Charles Grant and current player Jeremy Shockey have filed suit against ex-teammate Kevin Houser over hundreds of thousands of dollars they said they paid for state movie tax credits that never materialized.
State officials have said the credits were never applied for by the CEO of the defunct Louisiana Film Studios LLC. Houser, a licensed securities broker, previously said he told some Saints teammates about the tax credits.
In a lawsuit filed last Friday in federal court, Grant and Shockey said they lost a combined $510,000.
Houser’s attorney, Jimmy Castex, said he stands by earlier statements that Houser is a victim. Houser and his wife, Kristen, bought some of the credits. Her construction company is owed nearly $700,000 by the bankrupt studio.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- A BIG CHANGE: New mortgage rules seen bringing increase in pricey mobile home loans
- Analyst: KiOR Columbus plant may end up sold as scrap
- Ex-MDEQ leader Fisher joins Butler Snow
- Warden who lives hundreds of miles from jail resigns
- Jail kitchen supervisor pleads guilty to stealing food
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Hunting-weapons legislation passes House
- Nehi Bottling Company has been a Cleveland fixture for 85 years