Drew Brees alleges that his ex-Saints teammate, Kevin Houser, swindled him out of a large sum of money to the tune of $160K, but after more than a year of a grueling court battle, things are ending amicably as the pair have come to a settlement.
Brees had sued former Saints longsnapper Kevin Houser — claiming the guy (who became a licensed security broker) duped him into buying...
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Saints quarterback Drew Brees was one of several Saints players and coaches who were duped by former long snapper Kevin Houser into handing over cash into phony investments.
Drew Brees filed a lawsuit in federal court on Monday against former teammate Kevin Houser.
According to USA Today the suit was filed on Brees’ behalf, and alleges that Houser advised Brees to invest $160,000 into tax credits from a defunct movie studio, which turned out to be bogus.
Other Saints players and personnel invested into Houser’s scheme, totaling to about $2 million...
A federal appeals court ruled Friday that former New Orleans Saints punter Mitch Berger's claims against an ex-teammate over a bogus investment deal are covered by an arbitration agreement and can't be resolved in court.
A three-judge panel of the 5th U.S. Circuit Court of Appeals said a clause in a securities brokerage contract Berger signed requires his claims against...
Via AP on Fox
March 23, 2012