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New Orleans Saints starting quarterback Drew Brees has settled a lawsuit against a former teammate who had allegedly convinced Brees to invest $160,000 into tax credits that turned out to be phony.
Per an AP report, "the suit filed on Brees' behalf in federal court in 2013 alleged former Saints long snapper Kevin Houser, a licensed securities broker, mishandled the star quarterback's money and failed to disclose his own financial interests in the investments he was promoting."
Ex-Saints wide receiver David Patten was a co-plaintiff on the filed complaint, and reportedly also agreed to the settlement, per the court's records.
According to the AP, "the parties reached a settlement Monday, according to the court records, and U.S. District Court Judge Helen G. Berrigan issued a dismissal order Thursday. Details of the settlement were not disclosed."
Houser's attorney, Thomas A. Roberts, said Saturday that the lawsuit was settled to "the parties' mutual satisfaction" and that his client is "glad to have this behind him."Back to the New Orleans Saints Newsfeed