Saints coach Payton settles tax credit lawsuit - KLFY News 10

Saints coach Payton settles tax credit lawsuit

Posted: Updated:

NEW ORLEANS (AP) - New Orleans Saints coach Sean Payton has settled his lawsuit against a former Saints player who sold him nonexistent state movie tax credits from a defunct film studio.

Payton's attorney, Daniel Becnel Jr., described the settlement approved Thursday as "substantial." He refused to give further details, saying the settlement amount was confidential.

The case is tied to the payment of $1.9 million by present and past members of the team in 2008 to Louisiana Film Studios LLC. But the studio's chief, Wayne Read, never applied for the credits and never gave the money back. Records show Payton paid Read $144,000.

Former Saints long snapper Kevin Houser, who is in the securities business, has been blamed for the sour deals.

Powered by WorldNow

1808 Eraste Landry Rd, PO Box 90665,
Lafayette LA 70509

Telephone: 337.981.4823
Fax: 337.984.8323
Email: tip10@klfy.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Louisiana, Inc. A Media General Company.