Pippen (class action) suing Laettner (near Bankrupt)

larsv8 · Jul 4, 2016

http://finance.yahoo.com/news/ex-blue-devil-christian-laettner-230400023.html

Christian Laettner could soon find himself in bankruptcy court at the behest of creditors who allege the former Duke basketball star owes more than $14 million in unpaid debt.

MORE: Classic photos of Christian Laettner

In a petition filed Friday in U.S. Bankruptcy Court in Durham, N.C., five creditors summon Laettner to pay the collectively owed sum or file for involuntary Chapter 7 bankruptcy. The documents, obtained by KentuckySportsRadio.com, did not disclose the nature of Laettner's debt but did categorize them as "primarily business debt."

MORE: Laettner still upset at Fab Five's comments

In 2012, a Wall Street Journal report revealed Laettner and his business partner were the subjects of civil lawsuits seeking repayment of loans valued at about $30 million. One of those loans came from former Chicago Bulls star Scottie Pippen, a teammate of Laettner's on the 1992 Olympic men’s basketball team, the Journal said.

Pippen was not explictly listed in last week's filings.

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Laettner, who first rose to fame as a member of Duke's two NCAA championship teams in the early 1990s, went on to earn more than $61 million in salary during a 13-year playing career in the NBA.
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dc rock · Jul 4, 2016

Laettner should come out of retirement. He can probably get $43M/3 year deal in this economy.

francis 4 prez · Jul 4, 2016

you don't see "pippen" and "class action" in the same sentence very often.

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Pippen (class action) suing Laettner (near Bankrupt)

larsv8 Contributing Member

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