Ex-Saints Players, Coach Settle Investor Fraud Claims

Law360, New York (June 10, 2013, 6:36 PM EDT) -- Former New Orleans Saints tight end Jeremy Shockey and the team’s ex-defensive coach Gary Gibbs on Monday settled their claims accusing a former Saints long snapper of drawing them into an investment scheme surrounding a now-collapsed film company and concealing his financial stake in the business.

In a joint motion to dismiss, defendants Kevin Houser, Securities America Inc. and American International Specialties Lines Insurance Co. along with Gibbs and Shockey said they have entered into a binding settlement agreement, with each party paying their own fees...
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