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
- DAVID DALLAS — Cannabis for the rest of us
- MARTY WISEMAN: The current racial strife and the failure to educate
- BILL CRAWFORD: Boyce takes hot spot as IHL commissioner
- Source: Bryant has offered Glenn McCullough MDA job
- Planters Bank promotes at 3 locations
- COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)
- (WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson
- Real Estate Forum panelists: Lenders, investors hungry for deals on residential rentals in Miss., elsewhere
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur