Culture

Damon Elliot Being Sued by Nick Hogan for Breach of Contract

by Blaine Metzgar | August 20, 2009 at 05:46 am

72 views | 0 Recommendations | 1 comment

Nick Hogan, son of Terry 'Hulk' Hogan, is suing Damon Elliot and Louis Adkinson for a breach of contact after he handed over upwards of $50,000 to launch a record production company Confidential South, Llc. Hogan insists both Elliot and Adkinson agreed to invest $50,000 each and furthermore that if the firm failed investors were to be reimbursed.

Hulk Hogan's son Nick has filed a lawsuit against two former business associates he claims stiffed him for over $130,000. He is suing Louis Adkinson and Damon Elliot for breach of contract after he agreed to invest $50,000 in a record production company called Confidential South, LLC back in January. Nick claims Elliot and Adkinson both promised to give him his money back if the company never formed, and it never did. Nick also alleges that they ran up $80,000 on his American Express card without his permission.

Nick was released from jail on October 21, 2008 after being incarcerated for being involved in a car accident that left a friend brain damaged.

0 See all footage | View Slideshow

Share: email story | add to any | | facebook | stumbleupon