Emmitt Smith Hits Back After Lawsuit Over Failed $2.5M Solar Deal
The longtime Cowboys running back wants the plaintiff sanctioned.
Emmitt Smith is seeking sanctions against a tribal investment group and its legal representatives following a lawsuit over a failed $2.5 million solar project. In August, Kituwah LLC, a tribally-owned investment and economic development arm of the Eastern Band of Cherokee Indians, sued Smith, his business partner David Mosley, and their company 4 13 Solutions Inc. over a $2.5 million loan allegedly provided for a solar project in Texas that never materialized.
The lawsuit claims the defendants convinced Kituwah to provide the loan, which Kituwah has not recovered, as it is now "essentially, like a Ponzi scheme." In a response to the complaint filed on October 9, Smith, Mosley, and 4 13 Solutions argue the "reference to a 'Ponzi scheme' is unsupported by any facts and made in bad faith" and request sanctions against Kituwah and its counsel.
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