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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- UMMC reaching out after death of high school football player
- UPDATED: Jackson agrees to repay HUD $1.5 million for Farish Street blunders
- Gov. Bryant intervening in same-sex couple's divorce
- Vicksburg mayor marries during lunch break
- City leaders vote against offering insurance to one adult, possibly same-sex partner
- School superintendent says he never intended to hire wife's uncle, but recommended him
- Mississippi River mayors announce 'seed money' for waterfront developments
- MDOT: Work on I-269 is on schedule, several phases at halfway point
- Biloxi baseball project still alive but may be held for 2015