By Holbrook Mohr/The Associated Pres
JACKSON — Federal court records indicate a tentative settlement has been reached in a lawsuit between former New Orleans Saints running back Deuce McAllister and Nissan Motor Acceptance Corp. over the football star’s failed car dealership in Mississippi.
U.S. Magistrate Judge Linda Anderson in Jackson said Tuesday in a court filing that the parties have seven days to finalize the deal.
The dealership in Jackson closed in 2009 and filed for Chapter 7 liquidation under federal bankruptcy law.
Nissan sued McAllister for more than $1.5 million, alleging the dealership defaulted on payments and exceeded credit limits.
McAllister, who was a star player at the University of Mississippi, filed a countersuit saying the company didn’t do enough to help the dealership succeed.