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.
U.S. Magistrate Judge Linda Anderson said Tuesday in a filing in U.S. District Court in Jackson 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.
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.
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.
McAllister's attorney, Joe Roberts, said in an email Wednesday that he was out of town and would comment later. An attorney for NMAC...