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TUSCALOOSA | Embattled University of Michigan football coach Rich Rodriguez has been served papers as a defendant in a nearly $1 million lawsuit filed in Tuscaloosa Court last month for breach of contract, The Tuscaloosa News has learned.
Rodriguez was named as one of several defendants in the lawsuit that claims that The Legends of Tuscaloosa, LLC., which was formed to develop The Legends of Tuscaloosa condominiums, failed to repay a loan for the project. The complaint, filed by the West Columbia Trading Company, seeks more than $995,000 on a loan of $1 million, with the balance continuing to compound interest.
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The legal action against Rodriguez in Tuscaloosa is similar to that of a separate suit filed last year, in which a condo project in Blacksburg, Va., also resulted in a bad loan claim. In that suit, Nexity Bank of Birmingham sued Rodriguez and others for over $4 million as guarantors for financing on The Legends of Blacksburg, which was proposed as an 80-unit community near Virginia Tech's Lane Stadium.
JohnnyCockfight;1680272; said:
buckiprof;1680430; said:I completely underestimated this man's ability at being such a complete hilljackass.
NUTS4theBUCKS28;1681443; said:
NUTS4theBUCKS28;1681443; said:
...TUSCALOOSA | Embattled University of Michigan football coach Rich Rodriguez has been served papers as a defendant in a nearly $1 million lawsuit filed in Tuscaloosa Court last month for breach of contract, The Tuscaloosa News has learned.