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Scottie Pippen

I'm Suing EVERYONE Who

Falsely Reported I Was Bankrupt

12/13/2011 2:28 PM PST BY TMZ STAFF

Scottie Pippen
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.

Pippen claims each media outlet that besmirched his good name should fork over at least $1 MILLION in damages.

For more sports stories, check out tmzsports.com!
83 COMMENTS

No Avatar
1.

Jen    

He didn't pay his children's school bill and they got kicked out if that means anything...I used to teach there.

1014 days ago
2.

Cognizant _illiberal    

he spent alot of money if he only has 40million left he made 120 million

1014 days ago
3.

Strokadellic    

And right after that....he should sue Michael Jordan for having been better than he was all those years. Come the f*ck on, dude. Stop being such a p*ssy. If you have that much cash...why do you care about people who say you don't? I don't think the articles will hurt your future job prospects with those jobs you'll never need since you're worth no less that 40,000,000 dollars. Grow some balls.

1014 days ago
4.

Kari    

He needs to just move on--there's far more important issues in the world than this. None of us are thinking about this.

1014 days ago
5.

Jay    

Coincidently, he is suing 40 media outlet at 1M a piece..

1014 days ago
6.

birdman    

PIPPEN = WINNING

1014 days ago
7.

The Maharincess of Franistan    

Stupid Scottie - first of all brainless, to sue all of these people is going to cost you money. These networks are all owned by corporations, who employ lawyers full-time, and have deep pockets -- so your dumb self REALLY WILL BE BROKE after you get finished with the filings, depositions and face-time with the judge.

Defamation is VERY HARD TO PROVE in the United States. If you're so desperate for money, you should move to England or France where it is MUCH EASIER to sue for defamation and win.

Otherwise, just sit there, count what little money you obviously have left -- otherwise you wouldn't be so touchy -- and primp your BAD haircut in the mirror.

Idiot!

1014 days ago
8.

The Love Sponge    

He was the one that stole Lindsay Lohan's purse with the ten grand. I saw him do it. Now sue me.

1014 days ago
9.

MrShamrockshooter    

AP- Scottie Pippen, in an effort to stave off bankruptcy, is suing everyone claiming he was bankrupt. Expects $40 million rescue from financial ruin.

1014 days ago
10.

JB    

As an investor he should sue these outlets as it can have a direct impact on any investments he is trying to do. Personally it's silly, Professionally it can impact your $$$

1014 days ago
11.

Chris    

As ridiculous as it sounds he does have a case. Reporting he was bankrupt would have hurt him financially. For example, if he was able to pull in $10,000 for a commercial before the news, do you think companies would still pay him that if they thought he was bankrupt and needed the money? Celebrity is very fragile. News stories would have definitely hurt his image and value.

1014 days ago
12.

ManiacalZebra    

If he's worth $40 million, what damages does he have from the reports?

1014 days ago
13.

M    

Well looks like he found a way to make sure he doesn't go bankrupt.

1014 days ago
14.

Jack    

Unlikely given all the bad investments he made that he has $40 million. A car dealership and an airline are just two that come to mind.

1014 days ago
15.

tgrfan42069    

and after he filed suit..he did evil laugh and said..after i win these lawsuits i wont be bankrupt bwhahhaha

1014 days ago
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