Kituwah LLC, a Native American investment company, filed a lawsuit in Delaware against Emmitt Smith, the NFL career rushing leader and former Dallas Cowboys running back, and his business partners, alleging they misappropriated a $2.5 million loan intended to fund a wind farm project in Texas. [1]
Pro Football Hall of Famer Emmitt Smith and his business partner David Mosley were sued by Kituwah, LLC for $2.5 million in a Delaware court. [2]
Kituwah LLC claimed in the lawsuit that 4 13 Solutions, Smith's company, used the $2.5 million to repay an investor from previous dealings with Smith's company rather than funding the wind farm. [3]
Kituwah said it delivered the funds on Sept. 1, 2023, expecting repayment within months, and the lawsuit said 4 13 Solutions promised the wind farm would be operational by December 2024, but Kituwah had seen no evidence the project existed a month before that date. [4]
Kituwah's attorneys said Smith and his longtime business partner David Mosley misrepresented their efforts to secure a U.S. Department of Energy loan that would have triggered repayment to Kituwah. [5]
Kituwah claims it has not been repaid a single cent of the $2.5 million loan and is seeking the full amount plus interest and court costs. [6]
Kituwah claims Smith and Mosley misdirected the loan proceeds to pay off Wilson Holdings, a company run by Darrel Wilson, rather than using the funds for the solar farm. [7]
The lawsuit alleges that Smith, as chairman of 4 13 Solutions, obtained a $2.5 million loan from Kituwah in 2023 intended for Project Exodus, a proposed solar farm in Texas. [8]Kituwah LLC, una empresa de inversión nativa americana, presentó una demanda en Delaware contra Emmitt Smith, el líder corredor de la NFL y ex corredor de los Dallas Cowboys, y sus socios comerciales, alegando que malversaron un préstamo de $2.5 millones destinado a financiar un proyecto de parque eólico en Texas. [1]
El miembro del Salón de la Fama de la NFL Emmitt Smith y su socio comercial David Mosley fueron demandados por Kituwah, LLC por $2.5 millones en un tribunal de Delaware. [2]
Kituwah LLC afirmó en la demanda que 4 13 Solutions, la empresa de Smith, utilizó los $2.5 millones para reembolsar a un inversionista de negocios anteriores con la empresa de Smith en lugar de financiar el parque eólico. [3]
Kituwah dijo que entregó los fondos el 1 de septiembre de 2023, esperando el reembolso en cuestión de meses, y la demanda indicó que 4 13 Solutions prometió que el parque eólico estaría operativo para diciembre de 2024, pero Kituwah no había visto evidencia de que el proyecto existiera un mes antes de esa fecha. [4]
Los abogados de Kituwah dijeron que Smith y su socio comercial de larga data David Mosley tergiversaron sus esfuerzos para obtener un préstamo del Departamento de Energía de EE.UU. que habría desencadenado el reembolso a Kituwah. [5]
Kituwah afirma que no se le ha reembolsado ni un solo centavo del préstamo de $2.5 millones y busca el monto total más intereses y costos judiciales. [6]
Kituwah afirma que Smith y Mosley desviaron los ingresos del préstamo para pagar a Wilson Holdings, una empresa dirigida por Darrel Wilson, en lugar de utilizar los fondos para el parque solar. [7]
La demanda alega que Smith, como presidente de 4 13 Solutions, obtuvo un préstamo de $2.5 millones de Kituwah en 2023 destinado al Proyecto Exodus, un parque solar propuesto en Texas. [8]
What this stands on
Kituwah LLC, a Native American investment company, filed a lawsuit in Delaware against Emmitt Smith, the NFL career rushing leader and former Dallas Cowboys running back, and his business partners, alleging they misappropriated a $2.5 million loan intended to fund a wind farm project in Texas. · Winnipeg Free Press
Pro Football Hall of Famer Emmitt Smith and his business partner David Mosley were sued by Kituwah, LLC for $2.5 million in a Delaware court. · CBS Sports
Kituwah LLC claimed in the lawsuit that 4 13 Solutions, Smith's company, used the $2.5 million to repay an investor from previous dealings with Smith's company rather than funding the wind farm. · Winnipeg Free Press
Kituwah said it delivered the funds on Sept. 1, 2023, expecting repayment within months, and the lawsuit said 4 13 Solutions promised the wind farm would be operational by December 2024, but Kituwah had seen no evidence the project existed a month before that date. · Winnipeg Free Press
Kituwah's attorneys said Smith and his longtime business partner David Mosley misrepresented their efforts to secure a U.S. Department of Energy loan that would have triggered repayment to Kituwah. · Winnipeg Free Press
Kituwah claims it has not been repaid a single cent of the $2.5 million loan and is seeking the full amount plus interest and court costs. · CBS Sports
Kituwah claims Smith and Mosley misdirected the loan proceeds to pay off Wilson Holdings, a company run by Darrel Wilson, rather than using the funds for the solar farm. · CBS Sports
The lawsuit alleges that Smith, as chairman of 4 13 Solutions, obtained a $2.5 million loan from Kituwah in 2023 intended for Project Exodus, a proposed solar farm in Texas. · CBS Sports
We could not place any of them by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.
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