An appeals court rules that former NBA star Scottie Pippen must pay a bank more than five million dollars in a breach-of-contract lawsuit involving a loan for a business jet.
This past week’s ruling by the Missouri Court of Appeals upheld a previous ruling in St. Louis County.
Pippen and his wife, Larsa, formed the company Air Pip and borrowed about four-point-three (m) million dollars from an aircraft finance company based in the St. Louis suburb of Chesterfield.
US Bank later bought the note and sued the Pippens and their company in 2004.
Pippen is a seven-time NBA All-Star who played with Chicago, Portland and Houston during 17 years.
This weekend, he said he might return to the league — preferably for a contending team in a warm-weather city.
