Legendary ex-Dallas Cowboys running back Emmitt Smith is being sued for a whopping $67 million by investors who lost money on a failed restaurant venture he was involved in.
The dispute began when Smith and Wollensky, a restaurant group, decided to open a location on the Las Vegas Strip.
Taking advantage of Smith's notoriety and the Cowboys' widespread appeal, the restaurant set out
to merge upscale cuisine with a sports-bar ambiance. But there were many obstacles in the way,
such as intense rivalry in the restaurant business and economic downturns.
Investors in Smith & Wollensky claim that Smith made false statements about the business's prospective success and withheld critical financial facts
They say they lost a lot of money due to Smith's carelessness and mismanagement.
Smith, the NFL's all-time top rusher and three-time Super Bowl champion, has moved on from football to pursue other interests.
While others have found success in the Las Vegas restaurant business, it has been a complete failure.
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