Former Chicago Bulls forward Scottie Pippen recently filed a multimillion-dollar federal defamation lawsuit against several websites that alleged the retired NBA star filed for bankruptcy.
The lawsuit, which seeks $9 million in damages, states that Pippen "never filed for bankruptcy and indeed has a substantial net worth, which has not been less than approximately $40 million in the last 10 years.’’
CNBC's website published an article listing Pippen as one of the "15 Athletes Gone Bankrupt" on April 26, according to the lawsuit filed in U.S. District Court in Chicago.
‘‘Pippen’s successes on the court couldn’t stop him from losing career earnings worth $120 million, including more than $4 million for a corporate jet that was grounded just months after he bought it,” the CNBC article reported.
CBS Sports also published an article with the headline "Money a problem for a lot of former players," which featured a photo of Pippen.
The lawsuit alleges negligence, false light and defamation.
After being inducted into the Naismith Memorial Basketball Hall of Fame in 2010, Pippen became an official ambassador for the Chicago Bulls, an organization he won six world championships with.