A lawsuit filed by former NFL quarterback Vince Young that accused his former financial advisor of stealing at least $5.5 million from him has been settled, according to Young’s attorney.
The details of the settlement are being kept confidential, but attorney Trey Dolezal of Austin, Texas, says Young is very pleased with the results. The settlement was reached over the weekend prior to pretrial procedures that were scheduled to start today in Texas state court.
Young had filed suit against Ronnie T. Peoples of Peoples Financial Service Inc. in Raleigh, N.C., and against his former agent, Major L. Adams II of Houston, for “losing” $5.5 million of Young’s money.
Among other allegations, the suit accused Peoples of forging Young’s name to a $1.8 million loan. The actions allegedly came during the time Young played for the Tennessee Titans, for which he was paid $54 million.
Young, a free agent, also played for the Philadelphia Eagles. He was a University of Texas All-America player.