A federal appeals court ruled Friday that former New Orleans Saints punter Mitch Berger's claims against an ex-teammate over a bogus investment deal are covered by an arbitration agreement and can't be resolved in court.
A three-judge panel of the 5th U.S. Circuit Court of Appeals said a clause in a securities brokerage contract Berger signed requires his claims against former Saints long snapper Kevin Houser be resolved through binding arbitration.
Berger and other teammates sued Houser for allegedly advising them to invest roughly $1.9 million to buy nonexistent tax credits from a defunct movie studio.
The ruling doesn't affect related claims filed against Houser by Saints head coach Sean Payton and former players Charles Grant and Jeremy Shockey.
Wayne Read, who once ran Louisiana Film Studios LLC, was sentenced to four years in prison after he pleaded guilty in May 2010 to fraud charges stemming from his sale of state film industry tax credits to Saints team members. Read ne...