Nick Hogan sues over failed investment
HULK HOGAN's son NICK is taking legal action against two businessmen he claims ran up an £53,000 bill on his credit card without permission.
The 18 year old has filed suit against Louis Adkinson and Damon Elliot citing breach of contract after he handed over £34,000 to launch record production company Confidential South, LLC in January (09).
Hogan alleges both men agreed to invest their own £34,000 shares and even claimed investors would be refunded if the firm failed - which Hogan insists it did.
The teen is also suing for fraud, charging Adkinson and Elliot with using his American Express credit card to charge £53,845 without his permission.
The Hogan Knows Best reality star is seeking compensation for the £87,000.