Scottie Pippen Lawsuit

Scottie Pippen Lawsuit, Scottie Pippen claims he’s been unfairly portrayed in the media as a walking financial disaster — and now he’s suing every media outlet that reported he went bankrupt … claiming he hasn’t been worth LESS than $40,000,000 in the last 10 years.

Pippen has filed a lawsuit against TONS of online media outlets — including CBSsports.com, CNBC.com, Arizona State University and more — claiming they all falsely reported the former Chicago Bulls star had gone belly up.

According to the docs, filed in federal court in Illinois and obtained by TMZ … Pippen claims, “It is a most foul libel indeed to be falsely accused of being bankrupt.”

The lawsuit continues, “Scottie never filed bankruptcy and indeed has a substantial net worth, which has not been less than approximately $40,000,000 in the last ten years.”

Pippen claims CNBC.com included him in an article titled, “15 Athletes Gone Bankrupt” … and CBSsports.com posted a photo of Pippen along with a story about NBA players and bankruptcy.

As for ASU — Pippen claims he was tagged as a person who had gone bankrupt in a law blog operated by the University.

Scottie Pippen Gulfstream II

Scottie Pippen Gulfstream II, Scottie Pippen Gulfstream II- Pippen reportedly spent $120 million on the Gulfstream II corporate jet. Larsa Pippen, Scottie Pippen, Scottie Pippen Gulfstream II bankruptcy. The former Chicago Bulls forward famously partnered with a few businessmen in 2002 to buy a Gulfstream II corporate jet.

Pippen’s original stake in the plane was only to be $1 million, but when the other investors defaulted, the six-time NBA champ was left alone with the $5 million tab. Pippen sued his lawyers for legal malpractice in the deal years ago and, remarkably, was rewarded $2 million when the jury reached a verdict in the case earlier this year.

That should go a little ways to easing the pain over the other $27 million the All-Star has blown on bad investments.