JACKSON, Miss. -- A tentative agreement has been reached to settle a federal lawsuit between former New Orleans Saints running back Deuce McAllister and Nissan Motor Acceptance Corp. over his failed car dealership in Mississippi, court records said.
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McAllister's dealership in Jackson closed in 2009 and filed for Chapter 7 liquidation under federal bankrupcy law.
NMAC sued McAllister and Deuce McAllister Motors LLC in October 2009 for more than $1.5 million, alleging the dealership defaulted on payments and exceeded credit limits.
NMAC said that it found problems with the dealership during its 2008 audit, then sent a monitor there and reinstated its credit. But, the lawsuit said, the dealership continued to sell cars and not pay NMAC back and the debts grew.
McAllister filed a counter claim in which he said Nissan knew he "was a young professional athlete inexperienced in the motor vehicle sales business" and did little to help his dealership succeed.
In his counter claim, McAllister said that NMAC withheld information that the dealership wouldn't be profitable in the area and neglected to warn him that one of his partners had done business with a Nissan-related dealership before and "was unsuitable for the management position."
Copyright 2012 by The Associated Press