Jeremy Shockey settles with former teammate over bogus investment deal

NEW ORLEANS - Former New Orleans Saints tight end Jeremy Shockey has reached a settlement with a former teammate he sued over a bogus investment deal.

A court filing Monday says Shockey and former Saints defensive coordinator Gary Gibbs both resolved their claims against former Saints long snapper Kevin Houser. Terms were confidential.

Several teammates and coaches sued Houser for allegedly advising them to invest roughly $1.9 million to buy nonexistent tax credits from a defunct movie studio.

Saints head coach Sean Payton reached a separate settlement with Houser last month. Former Saints defensive end Charles Grant still has claims pending against Houser that are scheduled to be tried later this month.

Wayne Read, who once ran Louisiana Film Studios LLC, is the only person to face criminal charges over the investment deal.


(startribune.com)