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White, Floyd sue over failed project

Updated: May 6, 2010, 3:23 PM ET
Associated Press

NEWARK, N.J. -- Former major leaguers Rondell White and Cliff Floyd have filed a $12.5 million lawsuit in federal court against two New Jersey financial advisers, alleging they lost millions of dollars in a real estate development deal.

The lawsuit against Steven Kolinsky and Stephan Hill of the Kolinsky-Hill Financial Group alleges federal securities fraud and misrepresentation, breach of fiduciary duty and civil conspiracy to defraud, among other claims.

A statement by Kolinsky and ...

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