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Report: Pippen wins millions in lawsuit

Oct. 10, 2007 at 3:42 PM   |   Comments

CHICAGO, Oct. 10 (UPI) -- Former NBA star Scottie Pippen has received $1.5 million in a longstanding legal dispute with his former financial adviser.

Pippen's attorney told The Chicago Sun-Times Wednesday the former Chicago Bulls star sought more than $20 million from Robert Lunn, a financial guru who once had numerous wealthy, well-known clients.

The report noted other former clients also sued Lunn, claiming he looted their investments, loaned their money to friends and associates, and lied about it.

Pippen's investments included a Gulfstream jet. He claimed Lunn misappropriated money for the jet and let it fall into "complete disrepair."

Pippen also is after $20 million from two law firms with ties to Lunn -- Katten Muchin Rosenman LLP and Pedersen & Houpt -- as well as an accounting firm, Wineberg & Lewis.

Lunn, 57, declared bankruptcy in 2005, leaving only his insurance money for Pippen to claim.

The settlement awaits the approval of Illinois Circuit Court Judge Brigid Mary McGrath.

© 2007 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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